HK Stock Market Move | Cryptocurrency concept stocks fell sharply, with OKG TECH (01499) dropping more than 12% and YUNFENG FIN (00376) falling nearly 10%.

Crypto concept stocks fell in the morning trading session, as of the time of writing, OKG TECH (01499) dropped by 12.5%, to 0.189 Hong Kong dollars; YUNFENG FIN (00376) fell by 9.74%, to 3.43 Hong Kong dollars; OSL GROUP (00863) fell by 3.89%, to 16.05 Hong Kong dollars. On the news front, on the morning of December 1st, the cryptocurrency market once again plunged, with Bitcoin falling below 87,000 US dollars at one point, and intraday losses exceeding 5%; Ethereum also saw a drop of over 5%, falling below 2900 US dollars. In addition, the People's Bank of China held a meeting on November 28th to coordinate efforts to crack down on speculation in virtual currency trading. The meeting reiterated the policy of prohibiting virtual currencies and continuing to crackdown on illegal financial activities related to virtual currencies.