--- title: "Hong Kong Stock Movement: CARLINK TECH plummets 28.66%, with no news support, capital flow triggers market volatility?" type: "News" locale: "en" url: "https://longbridge.com/en/news/270449565.md" description: "CARLINK TECH fell 28.66%; SenseTime-W rose 7.45%, with a transaction volume of HKD 1.248 billion; Horizon Robotics-W rose 0.77%, with a transaction volume of HKD 1.169 billion; Kingdee International fell 1.89%, with a transaction volume of HKD 214 million; Pony.ai-W rose 9.98%, with a market value of HKD 54.9 billion" datetime: "2025-12-22T06:32:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/270449565.md) - [en](https://longbridge.com/en/news/270449565.md) - [zh-HK](https://longbridge.com/zh-HK/news/270449565.md) --- # Hong Kong Stock Movement: CARLINK TECH plummets 28.66%, with no news support, capital flow triggers market volatility? **Hong Kong Stock Movement** CARLINK TECH fell 28.66%, with no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks Ranked Among the Top in Industry Transaction Volume** SenseTime-W rose 7.45%. Based on recent key news: 1. On December 19, SenseTime disclosed a placement announcement on the Hong Kong Stock Exchange, planning to raise approximately HKD 3.15 billion through the placement of shares to support the group's ongoing development and business growth. This move is seen by the market as a positive financing strategy, driving the stock price up. 2. On December 19, SenseTime's subsidiary, Daxiao Robotics, released a series of core technologies for the embodied intelligence industry ecosystem, including the open-source world model 3.0 and the embodied super brain module A1, showcasing SenseTime's innovation capabilities in intelligent technology and enhancing market confidence. 3. On December 22, SenseTime's Chairman Xu Li emphasized at the Artificial Intelligence Innovation Conference that the development of artificial intelligence will rely on software-hardware synergy and system-level innovation, further promoting SenseTime's leadership position in the AI field and boosting the stock price. The innovation in the AI industry is accelerating, with significant capital inflow. Horizon Robotics-W rose 0.77%. Based on recent key news: 1. On December 19, Horizon Robotics' stock price rose due to the overall good performance of intelligent driving concept stocks. Horizon Robotics increased by 7% in half a day, with the market paying attention to the potential impact of its lock-up period nearing expiration. Source: Now News Channel 2. On December 19, Horizon Robotics' frequent financing has attracted market attention. The company has conducted three rounds of financing within a year of its listing, reflecting anxiety about the window period of the track and the need for high R&D investment. Source: Jinshi Data 3. On December 19, Horizon Robotics' technological influence expanded, with products covering multiple areas of daily life. The company has over 100 types of its sweet potato robot products, connecting with more than 100 partners. Source: Jinshi Data. Intelligent driving concept stocks are performing well, with significant capital inflow. Kingdee International fell 1.89%. Based on recent news: 1. On December 22, Kingdee International recorded a transaction of 2.7 million shares in a large trade at a price of HKD 13.73, involving an amount of approximately HKD 37.071 million. Large trades usually exert short-term pressure on stock prices, leading to a decline. 2. On December 19, Franklin Templeton Investments increased its holdings in Kingdee International by 8.152 million shares at a price of HKD 13.8259 per share, totaling approximately HKD 113 million. Although increasing holdings are generally seen as positive news, market reactions may lag. 3. On December 19, Kingdee International performed best in the Hang Seng Tech Index, with its stock price rising by 3.86%. However, overall market sentiment is weak, with the Hang Seng Tech Index falling 2.82% this week, dragging down Kingdee International's stock price. The Hang Seng Tech Index fell 2.82% this week **Stocks Ranked Among the Top by Market Capitalization in the Industry** XPeng-W rose 9.98%. Based on recent key news: 1. On December 19, XPeng's Robotaxi business in Guangzhou achieved breakeven revenue per vehicle, with an average daily order volume of 23 orders per vehicle and average daily revenue of RMB 299. This news boosted market confidence in the company's profitability, driving up the stock price. Source: Guandian.com 2. On December 20, the regulatory challenges faced by XPeng in the L4 autonomous driving sector provided a window of opportunity for XPeng, with the market expecting XPeng to have advantages in technological accumulation, further boosting the stock price. Source: Guandian.com 3. On December 19, global market attention on AI investment returns increased, with investors showing greater interest in XPeng's AI-driven business, propelling the stock price upward. Source: Bloomberg Tech. 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