Hong Kong stocks opened lower: Hang Seng fell 0.65% to 25,287.25 and the Hang
Seng Tech Index dropped 1.99% to 4,686.98. Large-model/AI concept names and PCB
plays led declines while planting/agriculture and innovative drug stocks
outperformed. Post-results winners included Chow Sang Sang (00116.HK) +16%,
GenScript Biotech (01548.HK) +7.6%, WuXi Biologics (02269.HK) +5% and Shandong
Molong (00568.HK) +4%. Heavy losers: Zhipu (02513.HK) down over 16%—shares
touched HK$1,000 intraday; MINIMAX-W (00100.HK) -12%, Xunce (03317.HK) -8%,
Tianshu Zhixin (09903.HK) -7.7%, Kingboard Laminates (01888.HK) -7%, Horizon
Robotics (09660.HK), Shenghong Technology (02476.HK) and Lanqi Technology
(06809.HK) down more than 6%, SenseTime (00020.HK) -6% and Kingboard Group
(00148.HK) down over 5%.
