Hong Kong stocks retreat as regional tech volatility offsets short covering
Hong Kong stocks closed mixed on Thursday as a rally in major technology firms and solid mainland inflows offset a broader market sell-off driven by escalating Middle East tensions. The Hang Seng Index retreated 0.7 per cent to close at 24,030, reversing some of the previous session’s strong gains, while the Hang Seng Tech Index edged up 0.01 per cent. Among high-profile tech movers, artificial intelligence model developer Knowledge Atlas Technology, also known as Zhipu AI, bucked the downward...
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