Hong Kong Stock Movement | Baige Online (02672.HK) surged 12% this morning before reversing into decline; yesterday the stock suffered a cliff-edge flash crash, and the company distanced itself from "blow-up" rumors.

Zhitong Finance APP has learned that Baige Online (02672.HK) opened 2.69% higher this morning at HK$42.0. In early trading, it once surged more than 12%, then plunged again, falling straight from HK$42.56 to HK$35.96, down 12.08%. It is worth noting that the company's share price suffered a cliff-like flash crash in late trading yesterday, with a single-day drop of as much as 72.08%, almost wiping out the huge gains accumulated over the previous two months. As of press time, it is down 4.35% at HK$39.16, with a turnover of HK$108 million.