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Hong Kong stocks closed weaker on September 23, with the Hang Seng Index and Hang Seng TECH Index down 1.01% and 1.33%, respectively, while Zhipu, MINIMAX-W, and major technology shares broadly declined.
September 23 In the afternoon, Hong Kong-listed AI application stocks continued to decline, with Zhipu down more than 10%, Kingdee International down more than 7%, while Meitu, MINIMAX-W, and others also declined.
Analysis indicates that disruptions to Middle East shipping, Russian refining, and Black Sea grain transport are driving up diesel, logistics, and food costs, potentially subjecting global inflation to second-round pressure.