Stock Track | Kingdee International Plummets 5.21% in Intraday Trading Amid Broad Hong Kong Tech Selloff

Stock Track

03/30

Kingdee International Software Group's stock plummeted 5.21% intraday on Monday, as the company's shares were caught in a broader market decline affecting Hong Kong technology stocks.

The selloff was part of a wider downturn in the Hong Kong market, with the Hang Seng Index opening down 1.68% and the Hang Seng Tech Index falling 2.78%. Popular technology stocks declined broadly across the board during the session.

Market analysts noted that the decline was not specific to Kingdee but reflected broader market sentiment affecting the technology sector in Hong Kong trading. Other major tech stocks including NIO, XPeng, SMIC, and Baidu also experienced significant declines during the same trading period.

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