--- title: "Hong Kong Stock Movement: YOFC plummets 10.24%, sector volatility and capital flow attract market attention" description: "YOFC fell 10.24%; ZTE Corporation fell 13.67%, with a transaction amount reaching HKD 3.345 billion; BYD Electronics fell 8.76%, with a transaction amount reaching HKD 1.353 billion; VTech fell 3.92%," type: "news" locale: "en" url: "https://longbridge.com/en/news/261568217.md" published_at: "2025-10-17T07:32:32.000Z" --- # Hong Kong Stock Movement: YOFC plummets 10.24%, sector volatility and capital flow attract market attention > YOFC fell 10.24%; ZTE Corporation fell 13.67%, with a transaction amount reaching HKD 3.345 billion; BYD Electronics fell 8.76%, with a transaction amount reaching HKD 1.353 billion; VTech fell 3.92%, with a transaction amount reaching HKD 639.6 million; China Communication Technology fell 6.56%, with a market value of HKD 8.92 billion **Hong Kong Stock Movement** YOFC fell 10.24%, with no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Trading Volume in the Industry** ZTE Corporation fell 13.67%. According to recent important news: 1. On October 14, ZTE Corporation announced an international patent application titled "A Communication Method and Device," but the number of international patent applications announced by the company this year has decreased by 13.59% compared to the same period last year. This news may have raised market concerns about the company's innovation capabilities, leading to a decline in stock price. 2. On October 16, Citigroup increased its bullish position on ZTE Corporation's H shares from 6.97% to 7.2%. Although this news indicates institutional confidence in the company, it failed to prevent the decline in stock price. 3. On October 16, ZTE Corporation stated on an interactive platform that 2025 is the year of 6G standardization, and the company continues to invest in key technologies for 6G. However, there remains uncertainty in the market regarding the prospects of 6G technology, which may negatively impact the stock price. The overall performance of the telecommunications industry remains robust, with AI computing power chain performance continuing to deliver. BYD Electronics fell 8.76%. According to recent important news: 1. On October 16, a report from Citigroup indicated that BYD Electronics will become a power component supplier for NVIDIA's new 800VDC AI server architecture and will collaborate with Apple to develop desktop robots and home hubs, expected to drive new business growth. This news led to a short-term increase in stock price. 2. On October 15, BYD Electronics announced that it will hold a board meeting on October 30 to review the third-quarter financial report, which may affect market positioning and investor interests, leading to market volatility. 3. On October 16, the consumer electronics sector was active due to new product launches and strong sales of the iPhone 17, driving up BYD Electronics' stock price. The consumer electronics sector is active, with significant growth in AI hardware. VTech fell 3.92%, with a trading volume of HKD 63.96 million, and no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Market Capitalization in the Industry** Kingsoft Communication fell 6.56%. According to recent important news: 1. On October 15, Kingsoft Communication announced a board change, with Wang Luolin resigning as an independent non-executive director and Chen Qiye taking over. This change may raise market concerns about corporate governance, leading to stock price fluctuations. 2. On October 15, the company granted 1.56 million shares to employees under its share incentive plan, accounting for approximately 0.05% of the issued shares. This move may be interpreted by the market as an adjustment to the company's incentive mechanism, affecting investor confidence 3. Recently, no investment banks have given ratings to China Communication Services, and the market attention is relatively low, which may lead to a lack of support for the stock price. 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