$WELLCELL HOLD(02477.HK) fell by over seven percentage points, a very noticeable drop—however, it primarily focuses on IT solutions and has a small market cap, which is a different story from telecom operators; $Verizon(VZ.US) rose slightly by over one percentage point, and $CHINA MOBILE(00941.HK) was basically flat. Large-cap stocks like telecom operators tend to be stable in volatile markets, supported by their high dividend yields, with minimal price movements. The sharp drop in $WELLCELL HOLD(02477.HK) seems more like a liquidity or news-driven issue specific to small-cap stocks and should not be conflated with the telecom sector.