--- title: "Hong Kong Stock Movement: KNOWLEDGE ATLAS falls 11.42%! Inclusion in Stock Connect cannot hide concerns over high valuation, AI sector under pressure" type: "News" locale: "en" url: "https://longbridge.com/en/news/289151757.md" description: "KNOWLEDGE ATLAS fell 11.42%; MINIMAX-W fell 8.98%, with a transaction volume of HKD 1.039 billion; Dipu Technology rose 4.45%, with a transaction volume of HKD 520 million; Haizhi Technology Group rose 11.79%, with a transaction volume of HKD 378 million; Shenyan Intelligent fell 0.92%, with a market value of HKD 31.4 billion" datetime: "2026-06-09T07:26:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289151757.md) - [en](https://longbridge.com/en/news/289151757.md) - [zh-HK](https://longbridge.com/zh-HK/news/289151757.md) --- # Hong Kong Stock Movement: KNOWLEDGE ATLAS falls 11.42%! Inclusion in Stock Connect cannot hide concerns over high valuation, AI sector under pressure **Hong Kong Stock Movement** KNOWLEDGE ATLAS, down 11.42%. Based on recent key news: 1. On June 8, KNOWLEDGE ATLAS was included in the Hong Kong Stock Connect eligible securities list, and the market holds a wait-and-see attitude towards its future performance. Although inclusion in the Hong Kong Stock Connect may bring incremental funds, short-term market sentiment is still affected by significant adjustments in the US stock market, leading to a decline in stock prices. Source: CaiLianShe 2. On June 8, the Hong Kong stock AI sector faced overall pressure, and companies like KNOWLEDGE ATLAS are under valuation adjustment pressure. Huatai Securities pointed out that the Hong Kong stock sentiment index remains in the panic zone, and the AI hardware chain does not possess strong absolute return conditions in the short term, leading to weakened market confidence in high-valuation sectors. Source: Huatai Securities 3. On June 8, KNOWLEDGE ATLAS and MiniMax were included in the Hang Seng Tech Index. Although this move broadens financing channels, the market still has doubts about its high valuation and profit uncertainty, leading to stock price fluctuations. Source: Zhitong Finance Hong Kong stock AI sector expansion, valuation under pressure, need to pay attention to risks. **Stocks with High Trading Volume in the Industry** MINIMAX-W, down 8.98%. Based on recent key news: 1. On June 8, MINIMAX-W was included in the Hang Seng Tech Index, becoming one of the first pure AI large model component stocks. After the announcement, the stock price fell 10.34% during trading, currently reported at HKD 499. 2. On June 8, the company's debt-to-asset ratio reached 343.3%, a significant increase from the previous year's 187.8%, indicating a notable increase in the company's reliance on external financing, leading to heightened market concerns. 3. On June 9, Goldman Sachs released a report stating that the cloud and data center sub-industry remains the bank's most favored area in the second half of 2026, particularly recommending MiniMax due to its annual recurring revenue having upward potential, with risk-return leaning upward. The Hong Kong stock AI sector has significantly expanded, and the industry outlook is positive. Dipu Technology, up 4.45%. Based on recent key news: 1. On June 8, the Hong Kong stock market welcomed a wave of intensive listings of AI companies, including Dipu Technology, significantly enhancing the market's AI content. Guoyuan Securities believes this indicates that the capitalization of the AI industry has entered a new stage, with Hong Kong becoming the preferred platform for mainland AI companies to go global, driving up Dipu Technology's stock price. 2. On June 9, Dipu Technology was included in the Hong Kong Stock Exchange Technology 100 Index, with component stock adjustments effective June 15. In addition, the company completed an H-share placement, raising approximately HKD 395 million for overseas business expansion and customer development, further boosting market confidence and driving up stock prices. 3. On June 9, market expectations for the Federal Reserve's interest rate hikes this year intensified, leading to a general decline in global technology and chip sectors. However, the Hong Kong stock AI sector has significantly expanded, intensifying industry competition. As a core builder of the digital employee foundation platform for AI era enterprises, Dipu Technology's positioning and business expansion plans have attracted market attention, driving up stock prices. The Hong Kong stock AI sector has significantly expanded, intensifying industry competition HaiZhi Technology Group rose by 11.79%. Based on recent key news: 4. On June 8, the Shenzhen Stock Exchange announced adjustments to the list of securities eligible for the Hong Kong Stock Connect, with HaiZhi Technology Group being added. This move increased the stock's market liquidity and investor attention, driving the share price up by 11.79%. Source: Zhitong Finance 5. On June 6, the Shanghai Stock Exchange announced adjustments to the list of securities eligible for the Shanghai-Hong Kong Stock Connect, with HaiZhi Technology Group being added. This further enhanced the stock's market liquidity and investor attention, driving the share price up. Source: Zhitong Finance 6. On June 8, HaiZhi Technology Group announced that it had been added to the list of securities eligible for the Hong Kong Stock Connect. This news further boosted market confidence, driving the share price up. Source: Zhitong Finance. The adjustment of the Hong Kong Stock Connect securities increased market liquidity. **Stocks ranked among the top in industry market capitalization** ShenYan Intelligent fell by 0.92%. Based on recent news, 1. On June 9, ShenYan Intelligent's founder Huang Xiaonan stated in an interview with Phoenix Finance that the company will continue to focus on enterprise digitalization and intelligent decision-making, and will not chase hot topics such as SaaS and the metaverse. This strategic direction may lead to adjustments in market expectations for short-term growth, affecting stock performance. 2. On June 9, Huang Xiaonan also mentioned that the company will focus on breakthroughs in cognition, talent, and capital leverage over the next three years, using the listing platform for global expansion and industrial mergers and acquisitions. Although these long-term plans may benefit the company's future development, they may increase operational costs and risks in the short term, affecting investor confidence. 3. On June 9, ShenYan Intelligent announced that it will fully invest in the Agentic intelligent entity track to seize the industry's biggest opportunities. Although this news shows the company's confidence in future development, there remains uncertainty regarding market acceptance and actual effects of the new track, leading to stock price fluctuations. 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