Hong Kong stock market anomaly | All AI concept stocks show declines, market concerns about overvaluation of AI intensify. Institutions say Hong Kong technology positions are attractive in the medium to long term.

According to the Wise Wealth APP, all AI concept stocks have declined, as of the time of writing, Kingsoft Corporation (03888.HK) has fallen by 4.37% to 31.94 Hong Kong dollars; SMIC (01347.HK) has dropped by 4.09% to 72.7 Hong Kong dollars; Alibaba-W (09988.HK) has decreased by 2.58% to 155.1 Hong Kong dollars.