---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43151182.md"
description: "$QIYUNSHAN FOOD(02797.HK) dropped by over ten percent, yet trading volume was pitifully light, with liquidity less than 20% of the average; $Nike(NKE.US) and $LAOPU GOLD(06181.HK) both saw slight declines. On one side are Hong Kong stocks with thin liquidity—recent IPOs and small caps—where even a tiny sell pressure can create a deep hole; on the other are global sportswear brands and high-end gold jewelry, which experienced much milder declines. $LAOPU GOLD(06181.HK) is not in the same category as the other two; its pricing relies more on brand premium rather than gold prices or footwear/apparel demand. Both are labeled as consumer stocks, so why is the decline in small caps ten times that of large caps? Is the liquidity discount itself widening, or is the market truly revaluing these recent IPOs? 😥"
datetime: "2026-08-03T09:17:14.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43151182.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43151182.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43151182.md)
author: "[数个一二三四五](https://longbridge.com/en/profiles/27514652.md)"
generator: "portal-rs"
---

# $QIYUNSHAN FOOD(02797.HK) dropped by over ten perc…


### Related Stocks

- [06181.HK](https://longbridge.com/en/quote/06181.HK.md)
- [02797.HK](https://longbridge.com/en/quote/02797.HK.md)
- [NKE.US](https://longbridge.com/en/quote/NKE.US.md)
- [HLPD.SG](https://longbridge.com/en/quote/HLPD.SG.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**