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Hong Kong stocks open lower as Hang Seng falls 1.58%

NewsFeeds update

Hong Kong shares opened lower, with the Hang Seng down 1.58% and the tech index down 3.11%, while optical communication names fell across the board. AI model stocks also dropped, with Zhipu down 8.82% and MINIMAX-W down 7.4%.

MacroChainCatcherAINeutral

Read the original on ChainCatcher

The story so far: MiniMax and Zhipu share declines

Hong Kong-listed AI model makers Zhipu and MiniMax have fallen together, with Zhipu dropping more than 5% below HK$500 and MiniMax down 6.64%. On a weaker Hong Kong open, Zhipu fell 8.82% and MINIMAX-W 7.4%. Hong Kong-related contracts extended declines, with Zhongji Innolight down 11.3% and Zhipu down 10.4%…

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. AI trade faces test from Meta and Tesla earnings this week

  2. Hong Kong-listed AI model makers Zhipu and MiniMax both fall

  3. Hang Seng falls 2% as MiniMax briefly slips below IPO issue price

  4. AI trade sell-off deepens as Meta's large debt plan draws scrutiny

  5. Hong Kong-linked contracts extend losses, MINIMAX down 7.2% in an hour

  6. Hong Kong AI shares fall, with Cambridge Technology down nearly 7%

  7. MiniMax falls 8.0% in 24 hours to $19.89

  8. Hong Kong stocks open lower as Hang Seng falls 1.58%

  9. Hong Kong-linked contracts extend 24-hour losses

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Every Macro update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.