Hang Seng Index Closes Down 0.05% Amid Sharp AI Stock Declines

HK market turnover hits HKD 162B as Hang Seng slips 0.05%. Tech index drops 1.14%, while New Oriental surges 17% and Zhihu falls 16%.

Woofun AI reports that the Hang Seng Index opened at 25,875 points, rising 67 points, before peaking at 25,971 points. Selling pressure subsequently emerged, resulting in a 0.05% decline for the close. The tech index decreased by 1.14% during the morning session, with total market turnover reaching HKD 162.07 billion.

Individual stock movements showed significant divergence. New Oriental surged 17% against the broader trend, and Budweiser APAC rose over 7%. Conversely, Zhihu fell over 16%.