Hong Kong stock movement: Unlocking pressure triggers panic selling, CAOCAO INC stock price falls another 10.27%

Hong Kong Stock Market Movements CAOCAO INC fell by 10.27%. Based on recent news, On December 15, CAOCAO INC announced that the company's share price and trading volume had recently experienced unusual fluctuations, but it was not aware of any reasons for such changes. The company stated that the group's business operations were normal and that there had been no significant adverse changes in the overall business fundamentals. The announcement failed to alleviate market concerns, and the stock price continued to decline. Source: Guandian.com On December 12, CAOCAO INC's stock price fell by 11.11% in a single day, closing at HKD 41.44 per share. Market participants pointed out that the continued weakness in the stock price was related to the upcoming large-scale unlock of shares, with an unlock market value of approximately HKD 4.1 billion, leading to panic selling due to expected selling pressure. Source: Zhitong Finance On December 3, CAOCAO INC announced an upgrade to its Robotaxi strategy, proposing a "Ten Years, Hundred Cities, Thousand Billion" strategic goal and releasing its first future urban transportation hub. Although this positive news briefly boosted the stock price, it could not offset the pressure from the expected unlock, and the stock price subsequently declined again. Source: Zhitong Finance. The Hong Kong stock market is sensitive to unlocks, and the expected selling pressure has triggered panic selling. Stocks with High Trading Volume in the Industry Dida Chuxing fell by 2.35%, with a trading volume of HKD 4.24 million, and there has been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. Ruqi Chuxing fell by 8.63%. Based on recent key news: On December 14, the Robotaxi business of Xiangdao Chuxing faced challenges in commercialization, with R&D expenditures being reduced year by year, leading to increased market concerns about its future profitability. According to a report by Frost & Sullivan, the per-vehicle cost of Robotaxi remains high, making it difficult to form price competitiveness in the short term, which negatively impacted Ruqi Chuxing's stock price. Source: Zhitong Finance. The Robotaxi industry has high costs and is difficult to profit. Guojia United Resources fell by 1.67%, with a trading volume of HKD 228,600, and there has been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. Stocks with High Market Capitalization in the Industry Zaitong fell by 0.92%, with a market capitalization of HKD 5.752 billion, and there has been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation