TREE NEWS reports: Hong Kong’s Hang Seng Index opened 0.41% lower at 24,031.66 on the day, while the Hang Seng Tech Index slipped 0.25%. Among individual names, Zhipu fell more than 2%, with XPeng and Baidu each dropping over 1%.
Hang Seng Opens 0.41% Lower at 24,031.66; Tech Index Down 0.25%
AI take
The split between the broad index and the tech gauge points to weakness that is not purely a tech story, with the wider market carrying the larger opening decline. The named decliners span AI, EVs and search, so the softness looks broad-based rather than concentrated in a single theme. Whether the tech index's shallower drop holds as the session develops, or whether the broader index narrows the gap, is the open question.
Generated by AI for reference only.
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