Hong Kong Stock Movement: Trip.com suffers a heavy blow to its stock price due to antitrust investigation, market worries about the risk of hefty fines

Hong Kong Stock Movement Trip.com Group-S fell 17.47%. Based on recent key news: On January 14, the State Administration for Market Regulation launched an investigation into Trip.com Group for suspected abuse of market dominance. This news led to a significant drop in Trip.com's stock price, with a decline of over 6% in Hong Kong stocks and over 16% in U.S. stocks. On January 14, Trip.com Group responded by stating that it would actively cooperate with the investigation and emphasized that business operations were running normally. Nevertheless, market sentiment was affected, and the stock price continued to be under pressure. On January 15, a Citigroup report indicated that the investigation could result in Trip.com facing hefty fines, further exacerbating market concerns. The travel industry is facing regulatory pressure, leading to increased market volatility. Stocks with High Trading Volume in the Industry Tongcheng Travel fell 7.51%. Based on recent news, On January 13, the 9-day continuous holiday during the 2026 Spring Festival stimulated a surge in outbound travel demand. Data from the Tongcheng Travel platform showed that bookings for outbound travel products during the Spring Festival have peaked, with search and booking popularity surpassing that of the 2025 Spring Festival, driving stock price fluctuations. On January 12, after the Shichahai Ice Rink opened, visitor numbers increased by 57% year-on-year, rapidly boosting the popularity of the Tongcheng Travel platform, which entered the TOP10 of popular tourist attractions nationwide, driving stock price fluctuations. On January 13, data from the Ministry of Culture and Tourism indicated that the number of domestic tourism trips in the first three quarters of 2025 increased by 18% year-on-year, with policy support promoting consumption and OTA platforms increasing the launch of credit products, impacting stock prices. The tourism industry is supported by policies, and market demand is strong. China Travel Service, rose 2.19%, with a trading volume of HKD 23.04 million, with no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation. China Civil Aviation Information Network, rose 0.83%, with a trading volume of HKD 17.07 million, with no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation. Stocks with High Market Capitalization in the Industry Huazhu Group-S fell 0.47%. Based on recent news, On January 12, Huazhu Group-S recorded a cross-trade of 823,300 shares at HKD 39.09 per share, which is 1.6% lower than the previous closing price, involving HKD 32.18 million. Huazhu Group-S is currently down 1.6%, priced at HKD 39.1; trading volume is 1.6068 million shares, with a transaction amount of HKD 63.08 million, and the active buy-sell ratio is 70:30, with a net active buy of HKD 4.3755 million. On January 14, the cultural and tourism performance and related industry chain sectors felt a chill in 2025, with the most notable event being the listing of the operator of "Impression Da Hong Pao" on the Hong Kong Stock Exchange, which faced a drop on its first day of trading. This chill quickly transmitted to the upstream and downstream of the industry chain, affecting the order and revenue expectations of related companies On January 14th, the growth dividend of the lifestyle and vacation sector is worth paying attention to. The total scale of Jin Jiang Hotels' vacation brand accounts for only 1.68% of the number of hotels, yet it contributes 2.4% of revenue and 8%-11% of profit, becoming a high-growth, high-margin business. The overall performance of the industry is good, with significant growth in the vacation sector