Hong Kong Stocks Open Lower: Hang Seng Down 0.41%, Tech Index Falls 0.96%

The divergence matters more than the headline: the tech gauge opening roughly twice as weak as the broad index suggests the selling is concentrated in AI and semiconductor names rather than across the market, and the falls in MINIMAX, Zhipu and Iluvatar CoreX point to a single-theme drawdown in newly listed Chinese AI and chip listings. That concentration is what makes the session worth watching — whether weakness stays confined to that cluster or bleeds into the wider index is the open question.