---
title: "Hong Kong stock movement: KNOWLEDGE ATLAS falls nearly 11%! The release of DeepSeek V4 triggers market panic, JP Morgan calls it an overreaction"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284322065.md"
description: "KNOWLEDGE ATLAS fell 10.99%; MINIMAX-W fell 3.53%, with a transaction volume of HKD 707 million; Dipu Technology fell 7.22%, with a transaction volume of HKD 312 million; Jiview fell 4.78%, with a transaction volume of HKD 52.46 million; Haizhi Technology Group fell 3.55%, with a market value of HKD 18.7 billion"
datetime: "2026-04-28T06:41:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284322065.md)
  - [en](https://longbridge.com/en/news/284322065.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284322065.md)
---

# Hong Kong stock movement: KNOWLEDGE ATLAS falls nearly 11%! The release of DeepSeek V4 triggers market panic, JP Morgan calls it an overreaction

**Hong Kong Stock Movement**

KNOWLEDGE ATLAS, down 10.99%. Based on recent key news:

1.  On April 27, DeepSeek released the V4 model, which the market interpreted as a competitive shock to KNOWLEDGE ATLAS, leading to a decline in stock price. JP Morgan believes this is an overreaction, stating that the V4 release is a tailwind for the industry rather than a zero-sum shock. Source: Zhitong Finance
    
2.  On April 27, a JP Morgan report indicated that the decline in KNOWLEDGE ATLAS's stock price was due to the market's overreaction to the release of DeepSeek V4, recommending to collect on the dip and maintaining an "overweight" rating. Source: JP Morgan
    
3.  On April 28, KNOWLEDGE ATLAS was selected for TIME magazine's list of "10 Most Influential AI Companies of 2026," demonstrating its competitiveness in the AI field. Source: Zhitong Finance. The AI industry is highly competitive, and market volatility is evident.
    

**Stocks with High Trading Volume in the Industry**

MINIMAX-W, down 3.53%, with active trading. Based on recent key news:

1.  On April 27, a JP Morgan report indicated that the market's reaction to the competitive impact on MiniMax following the release of DeepSeek V4 was considered an overreaction, recommending to collect on the dip and maintaining an "overweight" rating, with a target price of HKD 1,100.
    
2.  On April 27, Citigroup initiated coverage on MINIMAX-W with a "buy" rating and a target price of HKD 1,330, believing that its upcoming M3 series will achieve intelligent breakthroughs and that ARR growth will accelerate.
    
3.  On April 27, a UBS report noted that MiniMax's stock price has increased by 371% since its listing, but its recent performance has lagged behind peers, with the market underestimating its multimodal synergy and infrastructure advantages. The AI industry is highly competitive, innovation is accelerating, and risks should be monitored.
    

Dipu Technology, down 7.22%, with a trading volume of HKD 312 million, has no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation.

Extreme Perspective, down 4.78%, with a trading volume of HKD 52.46 million, has no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation.

**Stocks with High Market Capitalization in the Industry**

Haizhi Technology Group, down 3.55%, with a market capitalization of HKD 18.7 billion, has no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation

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- [02513.HK](https://longbridge.com/en/quote/02513.HK.md)

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