Huaxida fell more than ten points, and Yunyinggu also fell six or seven points—one makes set-top boxes and smart terminals, the other makes display driver chips. Both are small-cap hardware stocks in Hong Kong and Chinese concept stocks, and they were both dumped together. Yunyinggu is still a recent IPO with loose shareholding. This kind of trend, where there's no clear negative news but a whole batch of stocks drops sharply, is it due to problems in the industry fundamentals, or are small-cap stocks with poor liquidity being casually sold off by funds? It seems more like the latter. Small-cap hardware stocks lacking institutional support are the first to be thrown out when the broader market fluctuates.
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