HK Stock Market Move | Commercial aerospace concept leads the decline, APT SATELLITE (01045) dropped nearly 9%, Goldwind Science & Technology (02208) dropped over 4%.

The commercial aerospace concept led the decline. As of the time of writing, Hainan Drinda New Energy Technology (02865) fell by 9.13% to 21.5 Hong Kong dollars; APT SATELLITE (01045) fell by 6.68% to 3.77 Hong Kong dollars; Goldwind Science & Technology (02208) fell by 3.58% to 14.54 Hong Kong dollars; AVICHINA (02357) fell by 2.75% to 4.25 Hong Kong dollars. In terms of news, the commercial aerospace concept sector has recently undergone intense adjustments. A batch of related listed companies have concentrated on issuing clarifications and risk alerts. This is the most intensive risk warning since the sector started a new round of growth in December last year. An article on the website of China National Radio last Saturday stated that the essence of regulatory "cooling" is not "putting out the fire", much less suppressing the market, but squeezing out bubbles and speculation, and channeling funds to truly high-quality targets. The Economic Daily also published an article warning against letting speculative concepts distort the commercial aerospace sector. China Great Wall stated that although there has been a certain adjustment in the commercial aerospace sector, the support for the industry from the national policy level is very clear. On January 17th, the IPO guidance status of the top commercial aerospace company, China Aerospace Science and Technology Corporation, has been updated to "guidance acceptance". It has become the second commercial rocket company to start the IPO journey under the fifth set of standards of the Sci-Tech Innovation Board after LandSpace Aerospace. It may drive the sector in the near future.