Hong Kong stock market movement | AI hardware stocks collectively decline as concerns over capital expenditure returns and financing sustainability intensify; industry valuation and earnings alignment face re-evaluation.

Zhitong Finance APP has learned that AI hardware stocks such as PCB and optical communications fell collectively. As of press time, Kinwong Electronic (03228.HK) fell 11.29% to HK$56.95; Yangtze Optical Fibre and Cable (06869.HK) fell 9.45% to HK$101.6; GigaDevice (03986.HK) fell 6.50% to HK$325.2; Zhongji Innolight (03308) fell 4.04% to HK$724.