"Hong Kong version Nasdaq" falls behind, Hang Seng Technology Index welcomes "AI-ization" reassessment

Since reaching a phase high point on October 2, 2025, the Hang Seng Technology Index has entered a long period of correction. According to Wind data, as of May 26, 2026, the index has dropped by over 24% from its peak, underperforming major global technology indices. Analysts believe that this is mainly due to the lack of "AI content" in the index and the overweighting of optional consumption. With leading AI models such as MiniMax-W and Zhipu included in the index, market expectations are for a systemic correction in the index structure. The current index valuation is at historically low levels, providing opportunities for gradual accumulation on the left side.