🔴 Z.AI is trading 4% down today on lock-up expiry concerns

Z.AI is trading at HK$1000.00, down 4%, as the stock continues to digest selling pressure tied to lock-up expiry concerns.

• Investors are reacting to the upcoming unlock of 25.68 million shares, an overhang that sparked significant intraday plunges earlier in July.
• The potential for additional supply hitting the market, combined with broader volatility across AI-related names, continues to weigh on sentiment.
• There is no fresh company-specific news today, suggesting the decline is driven by the ongoing market digestion of the lock-up period expiration.