The Hang Seng plunged 465 points, or 1.7%, to finish at 26,567 on Friday, marking a second straight session of losses as all sectors retreated. A notable drop in U.S. stock futures pressured investor sentiment following a tech-led slump on Wall Street Thursday, before the CPI data release later today. Meanwhile, mainland markets closed sharply lower, ahead of the nine-day Lunar New Year holiday starting February 15. China’s bourses will be shut next week, while Hong Kong will be closed from Tuesday. Meantime, signs of easing Sino-U.S. tensions limited further weakness after Washington shelved key tech security measures ahead of an April Trump-Xi Jinping meeting. Bank of East Asia sank 11.1% on lower 2025 earnings. Gold-linked names also fell with bullion, including Zijin Gold Intl. (-5.0%), Laopu Gold (-4.0%), and Chow Tai Fook (-3.9%). In contrast, Healthy Way Inc. surged 14% on profit prospects. For the week, Hong Kong markets were almost flat, stabilizing after the prior sharp fall.