Hong Kong stocks' unusual movement | Shubao International (02569.HK) surged more than 22% against the market to reach a new high, up 70% compared to the IPO price, with the company focusing on the infant and child care market.

According to the Wisdom Financial APP, Shubao International (02569.HK) rose against the market by more than 22%, reaching a high of 0.88 Hong Kong dollars during trading, hitting a new high, and rising by more than 72% compared to the IPO price of 0.51 Hong Kong dollars. As of the time of writing, it has risen by 18.06% to 0.85 Hong Kong dollars, with a trading volume of 19.75 million Hong Kong dollars.