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This haiku is a paradox: it is abstract and concrete at the same time. The laughter and the chasing are concrete, observed details. You artfully slice the laughter out of its context while maintaining its dynamic action. In this way you show its abstract beauty.
Observation with a touch of whimsy, inviting me to visualize it... Here abstraction is achieved by juxtaposing concrete things... the skillfulness is meditative, because you are observing the children, while also capturing something in your stream of thought.
This is a moment of satori: it recognizes that that life's moments pass away, but such poignant compassion for transient things does not pass away.