HK Stock Market Move | Concept stocks in the commercial aerospace sector have seen significant declines. The launch of the Zhongxing 4B satellite failed, and it has been reported online that the launch of the Zhuque-3 remote control II has been postponed.

Shares of commercial aerospace concept stocks dropped collectively, with Goldwind Science & Technology (02208) falling 8.08% to HKD 10.24; Hainan Drinda New Energy Technology (02865) down 5.07% to HKD 17.42; APT SATELLITE (01045) decreasing 2.21% to HKD 2.21; and CHINA AEROSPACE (00031) down 1.9% to HKD 0.515. In news reports, according to Xinhua News Agency, on August 10 at 20:02, China launched the Zhongxing 4B satellite using the modified Long March 7 rocket from the Wenchang Space Launch Site, but the rocket experienced a flight anomaly, resulting in a failed launch mission. The specific cause is currently under further analysis and investigation. Additionally, according to information circulating online, the launch window for Blue Arrow Aerospace's Zhuque-3 Remote 2, originally scheduled for the morning of August 11, has been adjusted and may be delayed until August 31. The market had previously anticipated that if this launch succeeded, Blue Arrow Aerospace would become the first private commercial rocket company in China to master reusable rocket technology.