---
title: "Hong Kong stock market anomaly | Yesterday's flash crash individual stocks violently rebounded in the morning, Haosen Financial Technology surged by 730% at one point, and Ascendas Group rose by over 80%"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/201593304.md"
description: "Yesterday, individual stocks experienced a violent rebound in the morning session after a flash crash. Haosen Financial Technology surged by 730% at one point, while Shengneng Group rose by over 80%. China Tianrun Cement announced a trading halt, while Haosen Financial Technology and Shengneng Group experienced a violent rebound during trading hours. Haosen Financial Technology surged by 541.51% to HKD 3.4, while Shengneng Group rose by 35.71% to HKD 2.85. Shengneng Group stated that they were not aware of the reason behind the volatility, and there were no significant changes in their business operations. Tianrui Cement saw its stock price plummet by 99% due to disappearing buying interest and supply chain issues"
datetime: "2024-04-10T01:50:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/201593304.md)
  - [en](https://longbridge.com/en/news/201593304.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/201593304.md)
---

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# Hong Kong stock market anomaly | Yesterday's flash crash individual stocks violently rebounded in the morning, Haosen Financial Technology surged by 730% at one point, and Ascendas Group rose by over 80%

According to the Wise Finance APP, three stocks were suddenly liquidated at the end of the market yesterday, with a flash crash and sharp decline trend. Today, China Tianrun Cement (01252) announced a trading halt, while Haosen Financial Technology (03848) and Shengneng Group (02459) experienced violent rebounds during trading. As of the time of writing, Haosen Financial Technology surged by 541.51% to HKD 3.4, and Shengneng Group rose by 35.71% to HKD 2.85.

On the news front, Shengneng Group issued an announcement stating that after making all reasonable inquiries into the relevant circumstances of the company, the board of directors confirmed that they were not aware of any reasons leading to the fluctuations, nor was there any material that needed to be disclosed to avoid creating a false market for the company's securities or any insider information that needed to be disclosed in accordance with Part XIVA of the Securities and Futures Ordinance. The board also confirmed that the group's business operations remain normal, and there have been no significant changes in the group's business operations and financial condition.

Wise Finance APP pointed out in "Hong Kong stocks plummet to zero at the close: China Tianrui Cement (01252) stock price drops by 99%! What happened?" that based on the data, Tianrui Cement had a total trading volume of HKD 24.38 million for the day, while the company's market value before the crash was approximately HKD 14.1 billion. The fact that a stock worth over 14 billion can be smashed down by 99% with a trading volume of just over 20 million can be attributed to two main reasons: the disappearance of buying interest, where buyers couldn't even organize over 20 million in funds and allowed the price to free fall to zero, and the high concentration of shares, with shareholders' interests highly aligned, leading to a domino effect where if one party sells off, others can only follow suit, resulting in a stampede

### 相關股票

- [SANERGY GROUP (02459.HK)](https://longbridge.com/zh-HK/quote/02459.HK.md)
- [金融科技 (399699.CN)](https://longbridge.com/zh-HK/quote/399699.CN.md)
- [HAOSEN FINTECH (03848.HK)](https://longbridge.com/zh-HK/quote/03848.HK.md)

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