Hong Kong stock anomaly | Qianxun Technology (01640.HK) falls over 6% again, retracing 26% from its previous high. Yu Weiwen recently mentioned avoiding excessive speculation on stablecoins.

According to the Intelligence Finance app, Qianxun Technology (01640.HK) has dropped by more than 6% again. It is worth noting that this stock experienced a sudden surge at the beginning of this month, with a one-day increase of 32.51% on July 10th. From July 2nd to 11th, it has risen by nearly 60%. The current stock price has retraced 26% from the high point of the month. As of the time of writing, it has dropped by 6.14%, reaching HK$4.13, with a trading volume of 2.3172 million Hong Kong dollars.