HK Stock Market Move | EASOU TECH (02550) fell more than 60% in the afternoon, and the company has recently been included in the list of shortable stocks. Next month will see a large amount of shares being unlocked.

EASOU TECH (02550) plunged in the afternoon, with the stock price dropping over 60% at one point. As of the time of writing, it has fallen by 58.12% to HK$20, with a trading volume of HK$58.6342 million, and the total market value has dropped below HK$6.5 billion. On the news front, the Hong Kong Stock Exchange recently announced the list of securities available for short selling adjustment. A total of 35 stocks will be included as short selling targets, effective on November 8. In addition, on December 7, existing shareholders including Easou Joint Limited, Shanghai Shengda, and Suzhou Kunyu Jindu Emerging Industry Investment Company will see their lock-up period lifted, totaling 36.07% of shares being released. Excluding controlling shareholders, IPO investors and other existing shareholders will see 59.89% of their shares being unlocked on December 7. Earlier in the article "35 new Hong Kong stocks on the short selling list! A look at short selling of Hong Kong stocks is enough!", it mentioned that Easou experienced speculation during the lock-up period. The surge in Easou's stock price was mainly during the National Day holiday. Although the stock price has fallen by nearly 30% from its peak, it is still far from the issue price, and there hasn't been a mass exodus of profit-making investors observed. The company will be unlocked on December 7, with one month remaining, and is about to be included in the short selling list. Stay tuned to see how the speculators play out the prisoner's dilemma.