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Home > Latest

Stock Market Anomaly | Dongyue Group (00189.HK) Rises Over 5% with Surging Silicon Concept, Affiliate Dongyue Silicon Materials Hits Limit Up in Early Trading.

date
07/11/2025
Wisdom Financial APP learned that Dongyue Group (00189.HK) rose more than 5%, as of the time of publication, it rose 5.24% to 10.45 Hong Kong dollars, with a turnover of 191 million Hong Kong dollars.
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This week, the U.S. stock market continued to be under pressure as investors continue to question the sustainability of high valuations of technology stocks. Ahmad Assiri, a research strategist at Pepperstone, stated that this recent pullback is not a structural collapse but a reality check. He added that high beta (high volatility) technology stocks and artificial intelligence stocks are extremely sensitive to small changes in sentiment or fund flows. The approximately 2% drop in the Nasdaq is more reflective of market valuation reactions rather than fundamental deterioration. He also pointed out that the VIX index did not show a significant spike, further supporting this view.
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