TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.80% lower at 24,119.14 points, while the Hang Seng Tech Index fell 2.21%. Among individual names, Iluvatar CoreX dropped more than 9%, Lenovo Group declined over 7% and Zhipu lost more than 6%.
Hong Kong’s Hang Seng Opens 0.80% Lower at 24,119.14, Tech Index Down 2.21%
AI take
The tech-heavy selloff in Hong Kong is the more telling signal here: the Hang Seng Tech Index's decline is nearly triple the benchmark's, and the sharpest losses cluster in chip and AI names like Iluvatar CoreX and Zhipu, alongside hardware bellwether Lenovo. That pattern points to pressure concentrated in the AI and semiconductor complex rather than broad risk-off sentiment. Whether this stays a sector-specific correction or spills into the wider index is the open question.
Generated by AI for reference only.
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