{"id":47660,"date":"2026-02-13T11:35:03","date_gmt":"2026-02-13T11:35:03","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2026\/02\/13\/hang-seng-index-dips-to-a-key-support-as-global-stocks-retreat\/"},"modified":"2026-02-13T11:35:03","modified_gmt":"2026-02-13T11:35:03","slug":"hang-seng-index-dips-to-a-key-support-as-global-stocks-retreat","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2026\/02\/13\/hang-seng-index-dips-to-a-key-support-as-global-stocks-retreat\/","title":{"rendered":"Hang Seng Index dips to a key support as global stocks retreat"},"content":{"rendered":"
<\/div>\n

Hong Kong stocks came under pressure on Friday, with the Hang Seng Index falling for the second consecutive day, reaching its lowest level since February 6 this year. It retreated to a low of H$26,550, down sharply from the year-to-date high of H$28,000.<\/p>\n

Hang Seng Index crashed as global equities dipped <\/h2>\n

The Hang Seng Index continued its recent downward trend, mirroring the performance of US and Canadian equities.<\/p>\n

The TSX Composite dropped by over 2.3%, while the Nasdaq 100 and S&P 500 indices fell by over 0.50%. Other global indices like Brazil’s Ibovespa<\/a>, <\/strong>ASX 200, and Shanghai also dropped. It is common for Asian stocks to dive after weakness in the US equities market.<\/p>\n

US stocks dropped on Thursday after a report released on Wednesday showed that the labor market strengthened in January. The economy added over 130,000 jobs in January, while the unemployment rate retreated to 4.3%.<\/p>\n

The strong jobs numbers mean the Federal Reserve will likely hold interest rates steady for longer than expected. <\/p>\n

In separate statements, Lorie Logan and Beth Hammack insisted that the bank will not cut interest rates soon, as inflation has remained above the 2% target.<\/p>\n

The next important catalyst for the stock market will be the upcoming US consumer inflation report, which will come out on Friday.<\/p>\n

Economists polled by Reuters expect the upcoming report to show that the headline Consumer Price Index (CPI) retreated to 2.5%, while the Core CPI dropped to 2.6%.<\/p>\n

READ MORE: AMD stock tumbles 3%: analysts say market is missing this key catalyst<\/a><\/p>\n

Top movers in Hong Kong <\/h2>\n

Most companies in the Hang Seng Index were in the red on Friday. Zijin Mining Group, a top gold mining company, dropped by nearly 5% even as gold continued its strong uptrend.<\/p>\n

China Life Insurance, Xinyi Solar, Meituan, China Petroleum & Chemical, Baidu, and AIA were down by over 3.5%. Other top laggards in the index were companies like PetroChina, CNOOC, Ping An Insurance, and Li Auto.<\/p>\n

On the other hand, some of the top gainers were companies like Haidilao International, Lenovo, China Unicom, and Innovent Biologics.<\/p>\n

Hang Seng Index technical analysis <\/h2>\n

The daily timeframe chart shows that the Hang Seng Index has rebounded in the past few months. It rebounded after the index found a strong support level at $25,185, its lowest swing in October, November, and December last year. <\/p>\n

It peaked at a high of H$28,000 in January this year and then pulled back to the current $26,550.<\/p>\n

A closer look shows that it remains above the 100-day Exponential Moving Average (EMA) and the Supertrend indicator. <\/p>\n

Also, the index has formed a megaphone chart pattern, which is a common bullish continuation sign. This pattern is made up of two ascending and diverging trendlines and is now on the lower side.<\/p>\n

Hang Seng Index chart | Source: TradingView<\/em><\/figcaption><\/figure>\n

Therefore, there is a likelihood that the index will rebound in the coming sessions. If this happens, it will likely retest the upper side of the wedge at $28,000.<\/p>\n

On the other hand, a drop below the 100-day moving average at $25,590 will invalidate the bullish outlook.<\/p>\n

READ MORE: Why Tesla stock is tanking around 3% on Thursday<\/a><\/p>\n

The post Hang Seng Index dips to a key support as global stocks retreat<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong stocks came under pressure on Friday, with the Hang Seng Index falling for the second consecutive day, reaching its lowest level since February 6 this year. It retreated to a low of H$26,550, down sharply from the year-to-date high of H$28,000. Hang Seng Index crashed as global equities dipped  The Hang Seng Index <\/p>\n","protected":false},"author":1,"featured_media":47661,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-47660","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/47660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=47660"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/47660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/47661"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=47660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=47660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=47660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}