---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40161796.md"
description: "$XTALPI(02228.HK)Fake News Dissemination Timeline (Today)08:15–08:40 Source (Earliest)A forged screenshot of a "MSCI April Deletion List" appeared in Hong Kong stock trader WeChat/QQ groups, stating "Jingtai Holdings (02228) — Removed from the Small Cap Index".No official link, no MSCI watermark, clearly a photoshop job.08:40–09:00 Spread to Snowball/Stock ForumsSomeone posted the group chat screenshot to the Snowball Jingtai discussion area and East Money Stock Forum, with the title: "Breaking! MSCI Removes Jingtai".No authoritative media reposted it at this time.09:00–09:15 Exploited by Short Sellers, Plunge at Market OpenBefore the market opened, short sellers placed large sell orders, using the panic of "being removed" to hammer down the price.The opening price was HKD 8.99, instantly plummeting to HKD 8.11 (maximum drop >10%).After 09:30: News Ferments, Retail Investors Panic and Follow the TrendSome self-media and short video accounts forwarded the news without verification, amplifying the panic.It wasn't until after 10:30 that accounts began debunking the rumor: "No MSCI adjustments in April, the list is forged.""
datetime: "2026-04-24T05:40:45.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40161796.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40161796.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40161796.md)
author: "[wolf-001](https://longbridge.com/en/profiles/15460724.md)"
---

# $XTALPI(02228.HK)Fake News Dissemination Timeline …


### Related Stocks

- [02228.HK](https://longbridge.com/en/quote/02228.HK.md)
- [300059.CN](https://longbridge.com/en/quote/300059.CN.md)

## Comments (23)

- **每天思考一点 · 2026-04-24T07:37:58.000Z**: I asked Doubao, and basically it said this company is about to go bankrupt.
- **别墅不靠海 · 2026-04-24T07:08:49.000Z**: Even real news might not have caused such a big drop,
- **RextalPi · 2026-04-24T06:38:36.000Z · 👍 1**: Suggest the company take legal action
- **RextalPi · 2026-04-24T06:38:14.000Z · 👍 1**: This is an organized and premeditated short selling.
- **江汉南京 · 2026-04-24T06:37:48.000Z**: I want to report to the Hong Kong Securities and Futures Commission!
  - **我的小钱钱** (2026-04-24T06:52:28.000Z): Go, we'll crowdfund your travel expenses to Nanjing.
  - **江汉南京** (2026-04-24T06:55:22.000Z): I'm going to start a live stream on Douyin, afraid it will drive the stock price lower and lower.
  - **我的小钱钱** (2026-04-24T06:58:45.000Z): Whatever, anyway I've liquidated my position🤣
- **新用户_JqAb1G · 2026-04-24T06:07:48.000Z · 👍 2**: From a profitable situation last year to still being in the red now, and even adding to the position at a high price, it wasted both time and capital. The experience of holding this stock has been terrible.
- **博客 · 2026-04-24T06:00:17.000Z**: This whole morning, the 12 million short position was also one of the driving forces.
  - **wolf-001** (2026-04-24T06:04:28.000Z): To create news, of course you need to open a short position, with a minimum profit of 200 million today.
  - **博客** (2026-04-24T06:26:58.000Z): Only those with conviction can stay, even if they're called stock shills. A sharp drop is a test of one's faith in holding stocks, nothing more to say.
  - **江汉南京** (2026-04-24T06:27:24.000Z): Can this be reported?
- **梦回人远 · 2026-04-24T06:00:16.000Z**: No, I mean... what's the difference from real news, down 20% in 5 days
- **我的小钱钱 · 2026-04-24T05:48:00.000Z**: With such a drop, getting kicked out is just a matter of time.
  - **wolf-001** (2026-04-24T05:50:14.000Z): It was never in the small and mid-cap stock index to begin with.
- **新用户_V9vY70 · 2026-04-24T05:46:30.000Z · 👍 2**: Now, XtalPi's various concepts are not very prominent~
  - **就是要赚钱** (2026-04-24T06:15:40.000Z): Hong Kong stocks still value solid performance more, concepts don't work as well.
- **不是吧不是吧 · 2026-04-24T05:45:14.000Z**: It's a premeditated chain reaction of panic, with most people unwilling to take a look at the official website. AI is also being fed all sorts of garbage information.
  - **wolf-001** (2026-04-24T05:51:12.000Z): The short sellers made a lot of money today, pity the retail investors.