HK Stock Market Move | Moore Threads was listed today and related concept stocks have plummeted. Shanghai Dazhong Public Utilities (01635) is currently down by over 7%.
The concept of Moore's Law stocks has cooled down, with the dual-listed shares of China Unicom (01635) collectively backtracking this morning. As of the time of writing, the H-shares fell by 7.57% to 4.03 Hong Kong dollars, with a trading volume of 190 million Hong Kong dollars.
The concept stock of Moore's Law thread cools down, Shanghai Dazhong Public Utilities (01635) AH shares collectively retreated this morning. As of the time of writing, H shares fell by 7.57%, to HK$4.03, with a turnover of HK$190 million.
On the news front, on December 5th, Moore's Law thread, known as the "first domestic GPU stock," officially landed on the Sci-Tech innovation board. Today's opening, Moore's Law thread opened at a high limit of 468%, soared by over 500% at one point, and then oscillated and adjusted. Public information shows that the company is one of the main shareholders of Deep Creation Venture Capital. Shanghai Dazhong Public Utilities holds 10.8% of the shares of Deep Creation Venture Capital directly, ranking fourth among all shareholders of Deep Creation Venture Capital in terms of shareholding percentage. If indirect holdings are included, the total shareholding percentage reaches 13.93%. Deep Creation Venture Capital has numerous external investment projects, including the two star companies, Yushu Technology and Moore's Law thread.
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HK Stock Market Move | Metallurgical Corporation of China (01618) opens down nearly 6%, planning to sell its assets including China Metallurgical Group and China Metallurgical Copper-Zinc for 60.7 billion yuan.

HK Stock Market Move | CONCORD HC GP(02453) opened more than 6%, its subsidiary Guangzhou Taihe Cancer Hospital has been approved to enter the list of designated medical institutions of "Hong Kong and Macao Medical Devices Pass"

HK Stock Market Move | ASCLETIS-B (01672) opened nearly 15% higher. Positive topline results were obtained from the 13-week Phase II study of ASC30 for the treatment of obesity.

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