Zhipu fell 1.83% intraday to HK$590; market analysts cited competitive pressure from the newly released Claude Haiku 5.5.
The three major US stock indexes ended lower after choppy trading, while Apple and Microsoft shares both hit new highs.
The report says the company is planning a $2 trillion IPO while continuing to disclose new risks.
The product uses total return swaps to provide unleveraged exposure linked to an implied pre-IPO valuation, rather than direct ownership of company shares.
The company is preparing to release its latest revenue figures as AI labs' finances become a focus of tech trading.
Hedge fund legend Paul Tudor Jones believes the stock market will face severe challenges in 2027.
Amid strong server demand, Inspur Information expects a sharp year-over-year increase in net profit for the first three quarters.
The company says it has substantial order backlogs in AI servers, data centers and high-speed optical modules.
The IMF identified an AI market correction and cyberattacks as potential drivers of rising global financial risks.
The KOSPI stood at 5936.36 and Samsung Electronics fell 8.4% as South Korean stocks plunged during the session.
The morning brief covers broad declines in US memory and optical communications stocks, rising oil, falling gold and upbeat earnings forecasts from several A-share companies.
The Fed's Hammack hopes to curb demand and lower inflation without inflicting pain on the labor market.
The article explores what is needed for stocks to keep rising when corporate earnings beats have become routine.
Oil prices rebound as risks to Middle Eastern oil supplies persist.
Hammack said further rate hikes remain possible and favors smaller, more frequent adjustments to bring inflation down to 2%.
Goldman Sachs cited significant risks from the Iran war and raised its December oil price target.
This year's Nobel laureate in economics visited China in 2005 and offered advice to its central bank.
Analysis points to a risk that silver could fall to $54.76 against the US dollar.
Memory chip stocks plunged, oil rose and gold fell as markets weighed upbeat earnings expectations against Middle East risks.
A gold price outlook says a bottom on the weekly chart is confirmed, but two key price levels still warrant attention.
India's September inflation nears the upper limit of the central bank's tolerance range, strengthening the case for further rate hikes.
The Nasdaq falls and oil prices rise as markets await corporate earnings and economic data.
US stock futures are steady ahead of key earnings releases, while oil prices reach a two-week high.
Reports that Anthropic may be IREN's mystery AI customer pushed IREN shares higher.
The Nobel Memorial Prize in Economic Sciences is awarded to Robert E. Hall and Michael Woodford.
A summary of oil prices as of October 12, 2026.
Wolong Electric Drive plans to absorb its wholly owned subsidiary Wolong Supply Chain through a merger.
The article profiles the two winners of this year's Nobel Prize in Economics.
The Ministry of Finance and State Taxation Administration have lowered the VAT export rebate rate for new energy vehicles.
Morgan Stanley raised its eBay price target from $127 to $132.