--- title: "HSTECH Loses ~2%; Z.AI Plunges 16%, Barely Holds HKD1,000 Mark; MINIMAX-W Dives 12%; SENSETIME-W Ebbs 6.5%" type: "News" locale: "en" url: "https://longbridge.com/en/news/296173494.md" description: "HK stocks declined, with the HSI down 0.6% and HSTECH falling 1.9%. Major AI stocks led losses: Z.AI plunged 16%, MINIMAX-W dropped 12%, and SENSETIME-W fell 6.5%. Goldman Sachs raised its target price for SENSETIME following a positive profit alert. Other notable declines included WEIMOB, GIGADEVICE, XIAOMI, and PONY." datetime: "2026-08-18T03:51:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296173494.md) - [en](https://longbridge.com/en/news/296173494.md) - [zh-HK](https://longbridge.com/zh-HK/news/296173494.md) generator: "portal-rs" --- # HSTECH Loses ~2%; Z.AI Plunges 16%, Barely Holds HKD1,000 Mark; MINIMAX-W Dives 12%; SENSETIME-W Ebbs 6.5% The HSI opened down 84 points. With deeper losses during the morning session, it once slid 212 points to a trough of 25,240 before taking a breath. It last stood at 25,295, down 157 points or 0.6%, with turnover of HKD116.5 billion. The HSTECH was down 92 points or 1.9% at 4,689. Two major AI large-model stocks led declines. Z.AI (02513.HK) -201.000 (-16.708%) Short selling $455.12M; Ratio 5.639% opened slightly higher by 0.67% this morning before turning lower in early trading, touching a low of HKD1,000. It last traded at HKD1,008, down 16.21%, with 6.3362 million shares traded involving HKD6.744 billion. MINIMAX-W (00100.HK) -42.600 (-12.762%) Short selling $392.50M; Ratio 11.558% opened up 0.36% before reverting down, last trading at HKD292.6, down 12.34%, with 12.3626 million shares traded involving HKD3.741 billion. SENSETIME-W (00020.HK) -0.095 (-6.209%) Short selling $426.31M; Ratio 18.609% , which recently issued a positive profit alert forecasting a turnaround to net profit of RMB500-700 million for 1H26, opened flat before waning. It last traded at HKD1.43, ebbing back 6.54%, with turnover of HKD632 million. Goldman Sachs said SENSETIME-W's interim positive profit alert beat, slightly raising its TP to HKD2.05 while maintaining a Neutral rating. Multiple focus stocks are set to announce results today. BIDU-SW (09888.HK) +0.400 (+0.399%) Short selling $149.46M; Ratio 17.546% edged up 0.4%, while WEIMOB INC (02013.HK) -0.080 (-6.275%) Short selling $2.67M; Ratio 10.948% and GIGADEVICE (03986.HK) -32.000 (-5.776%) Short selling $22.20M; Ratio 0.803% each slumped nearly 6%. XIAOMI-W (01810.HK) -0.500 (-1.932%) Short selling $955.68M; Ratio 36.679% dropped 1.9%, PA GOODDOCTOR (01833.HK) -0.300 (-4.054%) Short selling $4.20M; Ratio 10.392% dived 3.5%, PONY-W (02026.HK) -2.600 (-4.088%) Short selling $4.08M; Ratio 12.872% shrank 4.1%, HESAI-W (02525.HK) -0.360 (-2.000%) Short selling $31.49M; Ratio 26.237% shed 2.3%, and CHINA UNICOM (00762.HK) -0.055 (-0.869%) Short selling $9.87M; Ratio 4.650% fell less than 1%. 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