genai / news / / CNBC
Hong Kong's technology stock index has tumbled more than 11% so far this year.
Knowledge Atlas Technology and MiniMax will join the Hang Seng Tech Index on June 8, 2026.
KEY POINTS
- 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
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