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Story summary
- The Hang Seng Tech Index has declined 5.5% this year, underperforming the Hang Seng Index, which is up 0.3% year to date.
- Analysts attribute the underperformance to balancing the AI frenzy with identifying industry leaders.
- In contrast, mainland Chinese AI companies such as Knowledge Atlas Technology have surged, with gains up to 523%.
- Robot manufacturers also rose after humanoid robots featured prominently in a major TV event.
- Tencent Holdings and Alibaba Group are key constituents of the Hang Seng Tech Index.
