Hang Seng TECH Index Plunges 3.3% as AI Stocks Tumble with MINIMAX Down 16%
2026-06-23 16:13

Data compiled by Woofun AI shows that Hong Kong equities concluded trading with broad-based declines, particularly within the artificial intelligence sector. The Hang Seng Index retreated 1.82%, while the Hang Seng TECH Index suffered a sharper 3.3% plunge, reflecting significant selling pressure among technology growth stocks.

Concurrently, AI concept shares experienced collective downward momentum. MINIMAX led the losses with a 16% drop, followed by DeepBlue Technology, which fell over 12%, and INSPUR, which declined approximately 10%. This synchronized sell-off underscores heightened risk aversion toward high-multiple tech valuations in the current market environment.

Disclaimer: Views are the author's own and do not represent the platform. Do not reproduce without permission. Content is for reference only, not investment advice. Trade at your own risk.
Share:
back