Hong Kong shares closed sharply lower: the Hang Seng Index fell 1.89% and the Hang Seng Tech Index dropped 3.61%. Alibaba (09988.HK) slid 8.54% on the day; Zhipu AI (02513.HK) and MINIMAX-W (00100.HK) both fell more than 10%.

2026-08-24

Hong Kong shares closed sharply lower: the Hang Seng Index fell 1.89% and the Hang Seng Tech Index dropped 3.61%. Alibaba (09988.HK) slid 8.54% on the day; Zhipu AI (02513.HK) and MINIMAX-W (00100.HK) both fell more than 10%.