[MARKET UPDATE] Hang Seng rallies amid tech strength with the benchmark index and Hang Seng TECH Index advancing around 2% as the region reacts to the SCOTUS ruling against US President Trump's IEEPA tariffs

Newsquawk Staff · 23 Feb 2026, 01:51 UTC

Hang Seng rallies amid tech strength with the benchmark index and Hang Seng TECH Index advancing around 2% as the region reacts to the SCOTUS ruling against US President Trump's IEEPA tariffs.

What it means

The Hang Seng's rally, driven by a 2% advance in tech stocks, appears to be a direct response to the SCOTUS ruling against President Trump's IEEPA tariffs. This decision likely reduces tariff-related uncertainties, favoring market sentiment in the region and potentially boosting investor confidence in equities, especially within the tech sector. It underscores the interplay between U.S. political decisions and international market movements, suggesting a bullish trend for Asian tech amid broader global implications.

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US Market Open, 28 Oct, 10:34 UTC · what it led with

NQ futures outperform following SK Hynix's upbeat earnings.
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US President Trump expected to remove some tariffs on Canada in a bid to help Senator Susan Collins, WSJ reports.
USD/CAD−0.2%
South Africa’s National Treasury says Inflation is expected to return to 3% target in 2029.
USD/ZAR−0.3%
Fed’s Waller (voter) says more rate hikes are likely needed to tame inflation, but there is flexibility over the pace and hikes do not need to be consecutive.
DXY+0.1%

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