HK Stock Market Move | CHINA EB LTD (00165) fell by over 15%, after a cumulative increase of nearly 40% in the previous three trading days.

CHINA EB LTD (00165) fell by over 15%, closing at a 15.11% decrease at 5.28 Hong Kong dollars, with a trading volume of 5.91 billion Hong Kong dollars. On the news front, stablecoin "first stock" Circle successfully listed on the NYSE last night, with a nearly 170% increase on its first day of trading. Related concept stock Guangda Holdings continued to decline this morning, with further losses in the afternoon. It is worth noting that the stock hit a high of 6.57 Hong Kong dollars yesterday, up nearly 40% from the closing price of 4.7 Hong Kong dollars on June 2nd. Public information shows that in June 2016, Guangda Holdings announced a joint investment with IDG Capital in Circle, becoming its key strategic shareholder globally.