Understanding the Market | EASOU TECH removed from the Hong Kong Stock Connect list, falling over 30%, CONCORD HC GP down over 25%
After being removed from the Hong Kong Stock Connect list, multiple stocks saw significant declines in early trading. As of the time of publication, EASOU TECH fell by 31.53% to HKD 3.17; CONCORD HC GP dropped by 25.32% to HKD 3.54; CITYCHAMP decreased by 22.71% to HKD 0.228; SIPAI HEALTH declined by 13.6% to HKD 4.7. In terms of news, the Shanghai Stock Exchange and the Shenzhen Stock Exchange respectively announced that due to the adjustment of constituent stocks in the Hang Seng Composite Large Cap Index, Mid Cap Index, and Small Cap Index, the list of eligible securities for the Hong Kong Stock Connect has been adjusted and will take effect from September 8. Among them, 20 stocks, including EASOU TECH, CONCORD HC GP, CITYCHAMP, and SIPAI HEALTH, have been removed
According to Zhitong Finance APP, several stocks significantly declined in early trading after being removed from the Hong Kong Stock Connect list. As of the time of writing, EASOU TECH (02550) fell by 31.53% to HKD 3.17; CONCORD HC GP (02453) dropped by 25.32% to HKD 3.54; CITYCHAMP (00256) decreased by 22.71% to HKD 0.228; SIPAI HEALTH (00314) declined by 13.6% to HKD 4.7.
On the news front, the Shanghai Stock Exchange and the Shenzhen Stock Exchange respectively announced that due to adjustments in the constituent stocks of the Hang Seng Composite Large Cap Index, Mid Cap Index, and Small Cap Index, the list of eligible securities for the Hong Kong Stock Connect has been adjusted and will take effect from September 8. Among them, 20 stocks, including EASOU TECH, CONCORD HC GP, CITYCHAMP, and SIPAI HEALTH, have been removed
