Hong Kong stocks closed with Zhipu down over 10% and MINIMAX down over 8%.

Hong Kong equities closed lower on November 6, 2026, with the Hang Seng Index down 1.27% and the Hang Seng Tech Index falling 1.83%, as a broad selloff hit optical communications, PCB, and semiconductor names alongside large-model stocks. Among AI model developers, Zhipu dropped more than 10% and MINIMAX fell over 8%, while optical and chip-linked losses were steeper: Huiju Technology slid over 13%, Cambridge Technology and Haiguang Xinzheng each lost more than 12%, Victory Giant Technology and Zhongji Innolight fell nearly 9%, and Longsys and GigaDevice declined over 8% and 7%, respectively. The moves point to a risk-off session concentrated in Hong Kong's AI and hardware supply-chain names rather than company-specific news. Investors will watch whether the tech-heavy selloff extends into the next session and whether AI model listings stabilize after their double-digit declines.