Hang Seng Tech Index drops nearly 3%! Hong Kong stocks AI and robotics surge, Zhipu and Yuejiang soar

Hong Kong Hang Seng Index closed down 1.10%, while the Hang Seng Tech Index fell 2.91%. Internet technology stocks declined across the board, with Baidu down over 6% and Alibaba down 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. Robot concept stocks surged across the board, with Yuejiang jumping over 21.40% and Suteng Juchuang rising more than 9.24%.