Hong Kong Stock Market Close: Hang Seng Index Up 0.61%, Domestic AI Large Model Sector Leads Gains

GateUser-bd883c58 · 2026-03-21T22:49:37+00:00

On March 18, Zhipu's new model release drove its market value to break through HK$300 billion, rising over 19%. The domestic AI large model sector showed strong performance, with MiniMax rising nearly 20%. Meanwhile, storage semiconductor stocks rose, while the media sector saw a decline.

GateUser-bd883c58

2026-03-21 22:49:37

Abstract generation in progress

How is AI Zhipu’s new model driving the market capitalization beyond HKD 300 billion?

On March 18, the Hang Seng Index closed up 0.61%, and the Hang Seng Tech Index rose 0.01%.

Domestic AI large model sector led the gains, with MiniMax up nearly 20% and Zhipu up over 19%.

Storage semiconductor stocks strengthened, with Tianzhi ZhiXin and Shanghai Fudan rising over 13%, and GigaDevice and Puda Tech up over 11%.

Media sector declined, with Tianhong Cultural and Tencent Music-SW dropping over 21%.

Smoore closed down over 19%, at HKD 9.62. According to news, the company announced on March 17 that its full-year revenue ended last year was HKD 14.256 billion, up 20.8% year-over-year; profit was HKD 1.062 billion, down 18.5% year-over-year; and it paid a final dividend of HKD 0.20 per share.

Zhipu closed up over 19%, with market value once again surpassing HKD 300 billion. According to news, on March 16, Zhipu officially released the base model GLM-5-Turbo for the OpenClaw lobster scenario, marking Zhipu’s first closed-source model since 2025. The model significantly improved core agent capabilities such as tool invocation and long-chain execution, and achieved first place among domestic models in the self-developed benchmark ZClawBench.

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