Hong Kong stocks slipped at midday: Hang Seng Index down 1.98% and Hang Seng Tech Index down 4.04%. AI agent-related names led losses—Zhipu (02513.HK) fell about 21% and MINIMAX-W (00100.HK) dropped 13.8%. Semiconductor stocks also weakened: 02577.HK declined over 10%, while 03986.HK and 02676.HK fell more than 8%. Major internet names were broadly lower: Meituan (03690.HK) and SMIC (00981.HK) near 6% down; Kuaishou (01024.HK) and Bilibili (09626.HK) off over 5%; Tencent (00700.HK), Baidu (09888

Hong Kong stocks slipped at midday: Hang Seng Index down 1.98% and Hang Seng Tech Index down 4.04%. AI agent-related names led losses—Zhipu (02513.HK) fell about 21% and MINIMAX-W (00100.HK) dropped 13.8%. Semiconductor stocks also weakened: 02577.HK declined over 10%, while 03986.HK and 02676.HK fell more than 8%. Major internet names were broadly lower: Meituan (03690.HK) and SMIC (00981.HK) near 6% down; Kuaishou (01024.HK) and Bilibili (09626.HK) off over 5%; Tencent (00700.HK), Baidu (09888.HK) and Alibaba (09988.HK) down more than 3%.