Z.AI is trading 6.62% down at HK$1101 as broader technology weakness and risk-off sentiment pressure growth stocks.

  • Software stocks declined as rising oil prices and bond yields revived inflation and interest-rate concerns.
  • September 1 results were fundamentally positive: first-half revenue reached RMB953.9 million, up 399.7%.
  • However, the RMB2.07 billion net loss and elevated valuation may have amplified profit-taking.