🟢 Z.AI is trading 12.65% up today amid a sector-driven rebound

Z.AI is trading HK$766 (+12.65%) as a broader sector-driven rebound follows a sharp selloff linked to its HK$5 billion fundraising.

• Discounted shares and convertible bonds raised dilution concerns
• Hong Kong’s tech index rose 0.87%, while Zhipu gained over 8%
• The rebound appears mainly sector-driven rather than linked to a new company-specific announcement