Hong Kong Stock Movement: HASHKEY HLDGS falls 15.14% in two days since listing, with high valuation and losses raising market concerns

Hong Kong Stock Movement HASHKEY HLDGS fell 15.14%. Based on recent key news: On December 17, HASHKEY HLDGS debuted, closing at HKD 6.67, down HKD 0.15 from the offering price. The stock opened high but closed low on its first day, with high trading volume, indicating the market's cautious attitude towards its valuation. Source: Zhitong Finance On December 18, HASHKEY HLDGS continued to decline on its second day of trading, currently priced at HKD 6.2, down 8.2% from the listing price. The market expressed concerns over its high valuation and loss status. Source: Huigang Communications On December 17, HASHKEY HLDGS set its issue price at the lower end of the range, with a mediocre subscription multiple for the international offering, indicating limited recognition from international institutions, leading to stock price volatility. Source: Economic Information Daily. The cryptocurrency industry is highly volatile and requires caution. Stocks with High Trading Volume in the Industry Hong Kong Exchanges and Clearing rose 0.35%. Based on recent key news: On December 16, HKEX CEO Charles Li stated that in the next decade, it will promote connectivity between other Asian markets and opportunities in China, enhancing platform capabilities and regional cooperation to attract more Asian capital to invest in the mainland. This move solidified HKEX's position as a global super connector, driving up the stock price. Source: Global Network On December 18, HKEX released a consultation document proposing to optimize the trading unit framework of the Hong Kong securities market to enhance trading efficiency and market competitiveness. This aims to attract more investors to participate, boosting the stock price. Source: Viewpoint Network On December 15, HKEX launched the Technology 100 Index, covering six major technology sectors, attracting investor attention and driving up the stock price. Source: Hong Kong 01. HKEX continues to optimize market structure to attract global capital. OSL Group fell 5.09%. Based on recent key news: On December 17, OSL Group announced the extension of the termination date for the Banxa acquisition to January 29, 2026, due to the failure to obtain regulatory approval, leading to increased market uncertainty regarding the transaction and a drop in stock price. Source: Caihua News On December 17, HashKey successfully IPO'd, raising HKD 1.6 billion. Although its listing progress was faster than expected, the weak cryptocurrency market led to low investor confidence, affecting OSL's stock price. Source: Zhitong Finance On December 17, Daiwa gave OSL Group a "Buy" rating with a target price of HKD 18.8. Despite the positive rating, the market remains cautious about the short-term outlook for the cryptocurrency industry, impacting the stock price. Source: Zhitong Finance. The cryptocurrency market is weak, and trading volume is declining. Jiufang Zhituo (One Hundred) fell 2.73%, with a trading volume of HKD 32.94 million, and there has been no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation Stocks Ranked Among the Top in Market Capitalization in the Industry Bairong Cloud-W rose 0.31%. Based on recent key news: On December 15, Bairong Cloud-W spent HKD 2.1819 million to repurchase 233,000 shares. This move demonstrates the company's confidence in its own stock, driving the share price up. On December 16, the company continued to repurchase 394,000 shares, costing HKD 3.6554 million, and allocated 3,524 shares under the share incentive plan. The ongoing repurchase actions have enhanced market confidence in the company's stock. On December 17, Bairong Cloud-W further spent HKD 11.4206 million to repurchase 1.2205 million shares. The large-scale repurchase actions indicate the company's optimistic attitude towards future development, further supporting the rise in share price. The Hong Kong stock market has seen frequent repurchase activities recently, with significant capital inflow