CSOP HS TECH's stock plummeted 5.01% during intraday trading on Friday, tracking a broad decline in Hong Kong's technology sector.

The sell-off was triggered by a wave of global market panic that sent the Hang Seng Tech Index down over 2.5%, while Nasdaq futures fell more than 1% and FTSE A50 futures dropped over 2%. As a passive tracker of the Hang Seng Tech Index, the ETF's decline directly reflected the underlying index weakness.

The negative sentiment was compounded by sharp declines in major index constituents, with AI large-model leaders like Zhipu AI plunging 14% and MINIMAX falling 9%, while XPeng and NIO declined over 5%. Lingering bearish sentiment from the semiconductor sector, where Montage Technology crashed nearly 23% after being raided by Korean prosecutors on suspicion of price collusion, further weighed on the tech complex.