Hong Kong stocks fall as AI bubble fears grow amid Wall Street retreat

Hong Kong stocks fall as AI bubble fears grow amid Wall Street retreat

Hong Kong stocks fell on Wednesday, tracking Wall Street’s retreat from record highs amid growing concerns that the artificial intelligence boom may have overheated and risks turning into a bubble. The Hang Seng Index declined 0.9 per cent to 26,711.89 as of 11am local time. The Hang Seng Tech Index lost 0.9 per cent. Stock exchanges on the mainland are closed for a week-long public holiday and will reopen on Thursday. Search-engine leader Baidu…