Hong Kong stock market anomaly | AI concept stocks decline, Alibaba-W (09988.HK) drops more than 3%, market concerns about high valuation of AI are rising

According to the Securities Times app, AI concept stocks are trending lower. As of the time of the report, Alibaba-W (09988.HK) dropped by 3.58%, to 159.1 Hong Kong dollars; Shengye (06069.HK) dropped by 3.51%, to 10.71 Hong Kong dollars; Kingsoft (03888) dropped by 2.57%, to 31.84 Hong Kong dollars; Tencent (00700) dropped by 2.33%, to 629 Hong Kong dollars.