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 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.