On July 17, iShares Hang Seng TECH ETF fell 5.11% in regular trading, trading at HKD 9.655, with turnover of HKD 296 million.

On the news front, the Hang Seng Tech Index, which the ETF tracks, saw its decline widen to approximately 5% during the afternoon session amid a global wave of risk aversion. Nasdaq futures dropped over 1% and FTSE A50 futures fell over 2%, intensifying selling pressure across Asian markets.

At the sector level, semiconductors led the decline. AI large-model companies Zhipu and MiniMax plunged over 21% and 12% respectively. XPeng fell over 8%, Kuaishou dropped over 7%, and Meituan declined over 6%, with internet platform stocks and innovative pharma names under broad pressure. The Hang Seng Tech Index has now accumulated a year-to-date loss exceeding 12%, significantly underperforming both the ChiNext Index and the Nasdaq, suggesting near-term capital rotation remains unlikely.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)