On July 17, both the main indices of the Hong Kong stock market and A-shares witnessed substantial drops, reaching new interim lows. Notably, sectors that had previously shown strength, including AI computing power, semiconductors, and memory chips, were at the forefront of the downturn. Zhipu's stock price on the Hong Kong stock exchange took a sharp nosedive, plummeting by 28.49% to close at HK$1,107 per share. Consequently, its market capitalization dwindled to HK$515.4 billion.
