Hong Kong shares opened lower and extended losses: Hang Seng Index fell 1%, Hang Seng Tech Index down 3.1%. AI application stocks led declines — MINIMAX-W (00100.HK) -5.4%, briefly trading below its issue price; Alibaba (09988.HK) and Zhipu (02513.HK) both off more than 5%.

2026-10-22

Hong Kong shares opened lower and extended losses: Hang Seng Index fell 1%, Hang Seng Tech Index down 3.1%. AI application stocks led declines — MINIMAX-W (00100.HK) -5.4%, briefly trading below its issue price; Alibaba (09988.HK) and Zhipu (02513.HK) both off more than 5%.