Hong Kong Stock Movement: JIAODA WITHUB plummets 23.26%, no significant news but shows volatility, what is causing such market sentiment?

Hong Kong Stock Movement JIAODA WITHUB, down 23.26%, 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 VST Holdings down 2.14%. Based on recent news, On March 30, VST Holdings' Chairman and CEO Li Jialin increased his stake in the company by 2.09 million shares at a price of HKD 8.62 per share, totaling HKD 18.0158 million. Although the increase shows management's confidence in the company's prospects, the market reaction has been lukewarm, and the stock price continues to decline. The overall market has been quite volatile recently, leading to unstable investor sentiment, which has put pressure on VST Holdings' stock price. Other companies in the industry have performed poorly, dragging down VST Holdings' stock performance. The overall market volatility and unstable investor sentiment have contributed to this. Hard Egg Innovation down 5.70%. Based on recent news, On April 1, Hard Egg Innovation announced its 2025 annual performance, with revenue of HKD 15.207 billion, a year-on-year increase of 50.1%; net profit of HKD 215 million, a year-on-year increase of 13.1%. Despite the growth in performance, the market reacted negatively to its decision not to pay dividends, leading to a decline in stock price. On April 1, Zhitong Finance reported that the increase in Hard Egg Innovation's revenue was mainly due to the growing demand for chips in AI technology-related industries. However, increased bank borrowing has led to rising financial costs, partially offsetting the growth in operating profit and affecting investor confidence. On April 1, Economic Information Daily pointed out that although Hard Egg Innovation's performance has grown, the decision not to pay dividends may affect investors' short-term return expectations, putting pressure on the stock price. The demand for AI chips is growing, and market volatility is significant. Data Science Group's trading volume is HKD 321,700. Based on recent key news: On April 1, Data Science Group's Chairman Yan Wei sold 20 million shares through QH Technology, accounting for 3.2% of the company's issued share capital. This transaction has led to increased market attention on the company's control, which may affect investor confidence. Source: Zhitong Finance On March 31, Data Science Group announced that its controlling shareholder QH Technology reached an agreement with the buyer to restrict the buyer from selling shares for 18 months. This move aims to stabilize the shareholder structure and reduce market volatility. Source: Zhitong Finance On March 31, QH Technology's shareholding ratio decreased from 46.7% to 43.5%, but it remains the controlling shareholder. This change may trigger market speculation about the company's future strategy. Source: Zhitong Finance. The Hong Kong stock market has been quite volatile recently, and investors should exercise caution. Stocks with High Market Capitalization in the Industry Shijie Group, up 1.69%, with a market capitalization of HKD 3.01 billion, 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