---
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296754583.md"
description: "At the close of the Hong Kong stock market, the Hang Seng Index fell by 1.89%, and the Hang Seng TECH Index dropped by 3.61%. Alibaba closed down 8.54%, while Z.AI and MINIMAX-W both fell by over 10%"
datetime: "2026-08-24T08:08:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296754583.md)
  - [en](https://longbridge.com/en/news/296754583.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296754583.md)
generator: "portal-rs"
---

# 

At the close of the Hong Kong stock market, the Hang Seng Index fell by 1.89%, and the Hang Seng TECH Index closed down by 3.61%; Alibaba (09988.HK) fell by 8.54% for the day; Z.AI (02513.HK) and MINIMAX-W (00100.HK) both closed down over 10%

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## Related News & Research

- [China's Z.ai emerges as creator of mysterious Ox Alpha model](https://longbridge.com/en/news/297060583.md)
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- [Alibaba chair buys another 720,000 company HK shares](https://longbridge.com/en/news/296888632.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**