Hong Kong Stocks Retreat as AI Valuation Concerns Persist; Tong Ren Tang Healthcare Falls on Debut
() -- Hong Kong stocks closed lower Tuesday as renewed concerns over stretched AI valuations weighed on sentiment. The Hang Seng Index fell 0.5%, or 119.43 points, to close at 23,496.89, while the Hang Seng China Enterprises Index shed 0.5%, or 42.09 points, to finish at 7,770.26. The recent rally in AI-related shares