Hong Kong stocks close: Zhipu and MiniMax both surpass a market capitalization of HKD 300 billion against the trend

Deep Tide TechFlow News, February 20 — According to Tencent News, the Hong Kong Hang Seng Index closed down 1.10%, and the Hang Seng Tech Index fell 2.91%. Internet technology stocks declined across the board, with Baidu dropping over 6% and Alibaba nearly 5%. Semiconductor stocks weakened, with Huahong Semiconductor falling nearly 6% and SMIC dropping over 3%. The domestic AI large model sector defied the trend and closed higher, with Zhipu and MiniMax both surpassing a market value of 300 billion Hong Kong dollars.

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