# Hong Kong's technology stock index has tumbled more than 11% so far this year.

*genai · news · 2026-05-03 · CNBC*

## Key points

- Knowledge Atlas Technology and MiniMax will join the Hang Seng Tech Index on June 8, 2026.
- Their inclusion is expected to trigger $1.25–$1.75 billion in passive inflows, per Morgan Stanley.
- Morgan Stanley raised price targets for Knowledge Atlas and MiniMax to 990 and 1,100 HKD respectively.
- Chinese AI model access costs rose to 17% of U.S. levels in Q1, up from 5% a year ago.
- Knowledge Atlas and MiniMax, both IPOed in January, are forecast to exceed $1 billion in 2024 revenue.

**Companies:** Tencent, Alibaba, Lenovo, JD, Midea, Hua Hong Semiconductor, Knowledge Atlas Technology, MiniMax
**Countries:** China, Hong Kong

[Read the full story on CNBC](https://www.cnbc.com/2026/05/03/chinese-stocks-are-about-to-get-a-big-ai-boost-morgan-stanley-predicts.html)

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