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Hang Seng Tech Index drops nearly 3%, Zhipu and MiniMax both break through HKD 300 billion in market value against the trend
Everyday AI Express, February 20th, Hong Kong Hang Seng Index closed down 1.10%, Hang Seng Tech Index fell 2.91%. Internet technology stocks generally declined, with Baidu down over 6% and Alibaba down nearly 5%. 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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