🔴 Z.AI is trading 4.2% down today amid Hong Kong tech and AI selloff

Z.AI is trading 4.2% down at HK$785.00 amid another sharp selloff in Hong Kong technology and AI stocks.

• The stock closed at HK$819.00 on September 10, down 10.34%.
• The decline appears sector-driven rather than company-specific: HSTECH fell about 2%, while MiniMax and Alibaba also dropped. Higher oil prices, geopolitical tensions and inflation-driven interest-rate concerns are weighing on high-valuation technology shares.
• Reuters reported broad global equity weakness and ongoing competition from DeepSeek.