HK Stock Market Move | SYNAGISTICS (02562) once dropped 46% to hit a new low and was removed from the Hong Kong Stock Connect list, while the holdings of mainland investors still reached 40%.

SYNAGISTICS (02562) opened significantly lower today and continued to decline. As of the time of writing, it has fallen by 34.16%, priced at HKD 0.8, with a trading volume of HKD 17.3046 million. At one point during the day, it dropped over 46%, reaching a low of HKD 0.655, marking a new low since its. In terms of news, according to announcements from the Shanghai and Shenzhen stock exchanges, SYNAGISTICS has been removed from the eligible securities list for the Hong Kong Stock Connect, effective from September 7. Following this removal, investors through the Hong Kong Stock Connect will only be able to sell their shares, but not buy. It is noteworthy that prior to the removal, northbound funds held a significant stake in the stock; as of the time of writing, southbound capital holds approximately 193 million shares of SYNAGISTICS, accounting for about 41% of the issued share capital. Public information shows that SYNAGISTICS is the first SPAC de-SPAC listed company in Hong Kong. In July of this year, it launched the enterprise-level AI intelligent ecosystem Geene 2.0. According to SYNAGISTICS mid-2026 results, it reported a revenue of SGD 39.8 million, an increase of 11.6% year-on-year; the loss attributable to owners of the company narrowed to SGD 17.511 million, a decrease of 39.3% year-on-year.