Kitchee Board Plunges Over 8% on Outflow Pressure

Kitchee Board (1888.HK) tumbled more than 8% during regular trading to HKD 31.00.

The decline followed data showing Kitchee Board saw the largest reduction in holdings via Stock Connect over the past five trading sessions, highlighting significant southbound outflow pressure. Additionally, market worries regarding adjustments in AI capital expenditure and expansion in the PCB sector have weighed on sector sentiment, leading to previous volatility driven by such expectations.