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 generally declined, with Baidu dropping over 6% and Alibaba falling nearly 5%. Semiconductor stocks weakened, with Huahong Semiconductor dropping nearly 6% and SMIC falling over 3%. The domestic AI large model sector defied the trend to close higher, with Zhipu and MiniMax both surpassing a market value of 300 billion HKD.
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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 generally declined, with Baidu dropping over 6% and Alibaba falling nearly 5%. Semiconductor stocks weakened, with Huahong Semiconductor dropping nearly 6% and SMIC falling over 3%. The domestic AI large model sector defied the trend to close higher, with Zhipu and MiniMax both surpassing a market value of 300 billion HKD.