danfinlay

#ZhongjiInnolightFalls12.77%OnHKDebut 🚨 BREAKING: Zhongji Innolight Drops 12.77% on Hong Kong Debut 📉 Short Trade big profit fast $DEXE $BANK $AKE Optical transceiver giant Zhongji Innolight fell 12.77% to HK$829.58 on its first trading day in Hong Kong, down from its offer price of HK$980. 💰 Largest HK IPO of the Year: Raised HK$53.4B ($6.8B), making it Hong Kong’s largest listing since 2019. 🤖 AI Sector Cool-Off: Slump comes amid a broader global pullback in AI & semiconductor stocks over valuation concerns and high data center infrastructure costs. 📈 High Volume: topped active trading turnover early in the session, outpacing tech giants like Tencent and Xiaomi.