The Zhitong Finance App learned that Hong Kong stock AI hardware stocks opened sharply lower across the board today. As of press release, Changfei Optical Fiber (06869) fell 12.59% to HK$84; Shenghong Technology (02476) fell 11.84% to HK$105; Jiantao Laminate (01888) fell 11.3% to HK$28.98; Zhongji Xuchuang (03308) fell 11.06% to HK$555; Lenovo Group (00992) fell 9.3% to HK$17.6; Huahong Hong (01347) (013) fell 9.3% to HK$17.6; Huahongli (01347)) fell 8.6% to HK$61.5.
According to the news, the Democratic Party swept through Congress to heighten market concerns that the AI industry would be limited. On Thursday, the US stock market crashed, and the AI-related sector experienced a “liquidation” sell-off. The Fee Half Index fell 12% in a single day, the biggest decline since 2020. Panic spread to the Asia-Pacific market this morning. South Korea's KOSPI index plummeted by more than 8%, triggering a fusing mechanism; the Nikkei 225 index's decline widened to 7%, down 20% from the June high, and entered a technical bear market.
Less than 24 hours after the election results were released, US Representative Asamin Ansari (Arizona) wrote on a social networking platform: “At the top of the first day's agenda, the Democratic Party needs to suspend the development of advanced artificial intelligence, regulate uncontrolled industries, and ban artificial superintelligence.” Texas governor-designate Gina Hinojosa also said, “We must stop current data center projects before implementing relevant measures to protect Texans.” Jefferies analysts pointed out that data centers have become a common concern of both parties on people's livelihood burdens, and it is expected that several state legislatures will continue to push for restrictions in 2027.