Hang Seng Index under pressure: US-China tensions, weak China data, deflation fears, and tech plunges like Tencent (-10.41%) weigh heavily. Amid troubled PMI and trade war jitters, the index hovers near 19,000, with bearish sentiment and broader regional currency fears persisting. As Fed concerns loom, market recovery remains fragile despite sporadic stimulus-led rallies. Investors, stay cautiously positioned.