HK Stock Market Move | O-Net Technologies (00519) fell by over 21% yesterday, after surging 525% at one point. The official renaming signifies the company's shift towards cutting-edge fields like AI.

Nokia Technology (00519) rose more than 525% during trading yesterday, closing up 223% on the same day. In the afternoon of today, it fell more than 20%. As of the time of writing, it has fallen 21%, trading at 0.225 Hong Kong dollars with a turnover of 6.6329 million Hong Kong dollars. On the news front, Nokia Technology announced that it has officially changed its name to Nokia Technology Group (formerly APPLIED DEV), which will take effect on February 12, 2025. The renaming marks a comprehensive transformation and upgrading of the company, officially embarking on a new journey of globalization driven by technology innovation. The announcement stated that the group focuses on cutting-edge areas such as artificial intelligence (AI) technology, unmanned driving, AISiasun Robot & Automation applications and research and development, and is committed to deeply integrating cutting-edge technology with global market demands. Currently, AISiasun Robot & Automation of the group has been implemented in various scenarios in Hong Kong and the mainland, including sanitation, patrol, warehousing, logistics, and transportation. The group will continue to strengthen product applications and technological innovation, expand international markets, and work hand in hand with global partners. Through cooperation with Alibaba, establish a one-stop online marketing platform to help AISiasun Robot & Automation go global.