Hong Kong Stock Market Closing Review: Hang Seng Index down 0.7%, AI application and chip stocks collectively weak, automotive sector defies the trend to strengthen

Mars Finance News April 2—At the close of trading in Hong Kong stocks, the Hang Seng Index fell 0.7%, and the Hang Seng Tech Index fell 1.63%. AI application stocks led the decline; Zhipu fell nearly 15%, and MINIMAX-W fell more than 10%. Chip stocks broadly declined: Shanghai Fudan fell more than 7%, Hua Hong Semiconductor fell more than 5%, and SMIC fell more than 3%. Weighted tech stocks also declined; Xiaomi Group and Alibaba both fell more than 3%. The auto sector strengthened: Chery Automobile rose more than 15%, Geely Automobile rose more than 8%, and Great Wall Motor rose more than 7%. (Ke Gu Bao reports)

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