HSI1 23,637.60 -370.95 195.86B
HSCEI1 7,937.53 -119.23 71.74B
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HSI Slumps 370 Pts for Day as BABA, TENCENT Slip 3%+; Z.AI Plunges Another 10%
2026-11-13 16:32:30
The HSI closed the day at 23,637, down 370 points or 1.55%. The HSTECH closed at 3,813, down 118 points or 3.02%. The HSCEI closed at 7,937 points, down 119 points or 1.48%. After rumors of extramarital affairs involving Jensen Huang surfaced, he finally announced his resignation as CEO of NVIDIA (NVDA.US). The Nasdaq closed down 0.39% overnight.

The US is exploring tighter export restrictions on Nvidia chips. BABA-W (09988.HK) dived another 3.46%, while TENCENT (00700.HK) slid 3.06%. Among AI large-model stocks, Z.AI (02513.HK) and MINIMAX-W (00100.HK) plunged 10.04% and 8.19%, respectively.

Other major techs also ebbed back. KUAISHOU-W (01024.HK) closed down 4.5%, while XIAOMI-W (01810.HK), BIDU-W (09888.HK) and MEITUAN-W (03690.HK) tumbled more than 3%.

Chip and semiconductor stocks waned. HUA HONG GRACE (01347.HK), GIGADEVICE (03986.HK), BIREN TECH (06082.HK) and MONTAGE TECH (06809.HK) plummeted more than 6%. SMIC (00981.HK) edged down 0.45% after results.

PCB-related stocks came under pressure, with KB LAMINATES (01888.HK) and KINGBOARD HLDG (00148.HK) slipping 8.25% and 5.1%, respectively. Optical communication concept stocks were also heavily sold. ZJ INNOLIGHT (03308.HK) stumbled 9.39%, while YOFC (06869.HK) shrank 7.28%.
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