[Hong Kong Stock Market Close: Zhipu and MiniMax Market Cap Both Break Through HKD 300 Billion Against the Trend] DeepTechFlow reports that on February 20, according to Tencent News, the Hong Kong Hang Seng Index closed down 1.10%, and the Hang Seng Tech Index closed down 2.91%. Internet technology stocks broadly declined, with Baidu dropping over 6% and Alibaba falling nearly 5%. Semiconductor stocks weakened, with Hua Hong Semiconductor down nearly 6% and SMIC dropping over 3%. The domestic AI large model sector bucked the trend and closed higher, with Zhipu and MiniMax both seeing their market caps break through HKD 300 billion.