Hang Seng Index closed down 0.74% after extending yesterday's losses; Hang Seng Tech Index rose 0.22%. Market turnover was HKD270.41bn. The index opened at 24,495, rallied to 24,560 then plunged more than 200 points, breaching the 24,400 level and hitting an intraday low near 24,258 before narrowing losses. Recently listed AI stocks and PCB names led gains for a third day; memory, semiconductor and domestic retail stocks rebounded. Building materials/cement, electronic components and power equip

Hang Seng Index closed down 0.74% after extending yesterday's losses; Hang Seng Tech Index rose 0.22%. Market turnover was HKD270.41bn. The index opened at 24,495, rallied to 24,560 then plunged more than 200 points, breaching the 24,400 level and hitting an intraday low near 24,258 before narrowing losses. Recently listed AI stocks and PCB names led gains for a third day; memory, semiconductor and domestic retail stocks rebounded. Building materials/cement, electronic components and power equipment were among top sector winners. Rare earths, mainland property-management and computer equipment pulled back; internet healthcare, autos and oil & gas fell for a third straight session. Aluminum and dairy stocks remained weak. Stock movers: Kingboard Holdings (00148.HK) +17.5%, GigaDevice (03986.HK) +14%, Zhipu AI (02513.HK) +12%, Hua Hong Hongli (01347.HK) +8.5%; Li Auto (02015.HK), Laopu Gold (06181.HK) and Haidilao (06862.HK) each fell over 3.5%.