China’s Hong-Kong Listed Stocks May Extend Lag on Tech Rotation

Chinese shares listed in Hong Kong look set to keep lagging their mainland counterparts, as investors grow wary of lofty valuations in AI-linked names and the direction of Beijing’s policy signals.

The Hang Seng China Enterprises Index has underperformed onshore peers for three straight weeks, its longest stretch since August. The gauge has pared gains from earlier this year when DeepSeek’s AI advances lifted sentiment.