Hang Seng Tech Index Plunge Deepens to 2% as Alibaba Drops Below HK$100 Mark

Deep News

06/23

The Hang Seng Tech Index has seen its decline accelerate, now down 2%. Shares of Alibaba (BABA) have fallen below the HK$100 level in Hong Kong trading, hitting their lowest point since April 2025, and are currently down more than 3%.

The leading AI model developers are spearheading the losses, with Zhipu AI down over 9% and MiniMax plunging more than 13%.

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Shares of <b>Alibaba</b> (<b>BABA</b>) have fallen below the HK$100 level in Hong Kong trading, hitting their lowest point since April 2025, and are currently down more than 3%.<br><br>The leading AI model developers are spearheading the losses, with Zhipu AI down over 9% and MiniMax plunging more than 13%.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1316542783.SGD","symbol_name":"Janus Henderson Horizon Global Technology Leaders A2 SGD","start_time":0,"source_url":"","article_id":"1121783702","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1121783702","pubTimestamp":1782184865,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"The Hang Seng Tech Index has seen its decline accelerate, now down 2%. 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Shares of Alibaba (BABA) have fallen below the HK$100 level in Hong Kong trading, hitting their lowest point since April 2025, and are currently down more than 3%.The leading AI model developers are spearheading the losses, with Zhipu AI down over 9% and MiniMax plunging more than 13%.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}