Hong Kong stocks fall; Hang Seng Tech drops 2.89% as MiniMax, Zhipu slide
AI summary
Hong Kong shares closed lower on October 8, with the Hang Seng Index down 1.43% and the Hang Seng Tech Index down 2.89%. Semiconductors led the decline: Biren Technology fell more than 11%, Hua Hong Semiconductor more than 9%, and SMIC and Montage Technology more than 6%, while AI model names MiniMax-W dropped over 13% and Zhipu over 7%. Coal and oil/petrochemical shares gained, and southbound flows recorded a net buy of HK$6.477 billion.
In-depth insight
It points to a risk-off session for Hong Kong-listed AI and chip names, though the report offers no explanation for the move.
恒指收跌1.43%，恒生科技跌2.89%-36氪
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#MiniMax#Zhipu AI#Biren Technology#Hua Hong Semiconductor#SMIC#Montage Technology#GigaDevice#Longsys