Hong Kong Stocks Open Lower; Hang Seng Falls 0.42% to 24,701.18

The outsized moves in Zhipu and MINIMAX relative to the broader index point to a rotation out of the AI complex specifically, not a broad risk-off session — the Hang Seng's decline is modest by comparison, while the tech sub-index sits between the two. That divergence suggests sentiment toward listed AI names is being repriced faster than Hong Kong equities overall, with chip-adjacent plays like Hua Hong and Tianshu Zhixin caught in the spillover. Whether the selling stays concentrated in AI or broadens into the wider market is the open question.