Hong Kong stocks opened lower and trended downward during morning trading, with the large language model concept sector declining, and Zhipu AI plummeting more than 16%.
45 minutes ago
According to Bitget market data, Hong Kong stocks opened lower and trended downward in morning trading. The Hang Seng Index closed down 0.65% at 25,287.25 points; the Tech Index closed down 1.99% at 4,686.98 points. Large language model concept stocks and PCB concept stocks declined. Zhipu (02513.HK) fell more than 16%, with its share price touching the HK$1,000 mark during intraday trading; MINIMAX-W (00100.HK) fell 12%.
Meme project 'Niu Lai' saw its market cap surge to nearly $43 million in the morning before pulling back, having rallied nearly 30% over the past six hours.
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Spot silver's intraday decline hits 1%, currently trading at $65.12.
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UBS cuts Marvell Technology's price target to $300, maintains its 'Buy' rating.
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The decline of the Nikkei 225 Index has widened to 2%.
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A whale that previously went long on AKE for a $1.12 million profit has opened a new long position on GPS, currently holding an unrealized profit of $80,000.
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