Stock Track | HASHKEY HLDGS Plummets 5.69% in Intraday Trading as Profit-Taking and Crypto Concerns Weigh

Stock Track

Dec 17

HASHKEY HLDGS (03887) saw its shares plummet by 5.69% during intraday trading on Wednesday, marking a sharp reversal from its initial surge during its Hong Kong trading debut. The stock opened at HK$6.70, slightly above its IPO price of HK$6.68, and initially climbed as much as 6.6% to HK$7.12 before losing momentum.

The drop is attributed to profit-taking by early investors and broader concerns about the volatility of the crypto market, especially given mainland China's ban on cryptocurrency trading. Despite strong demand for its IPO, with the retail tranche nearly 394 times oversubscribed and institutional demand reaching 5.5 times, the stock failed to sustain its early gains.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1133939892"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1133939892\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1133939892?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-17 10:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1133939892","market":"nz","top_or_hot":-1,"title":"Stock Track | HASHKEY HLDGS Plummets 5.69% in Intraday Trading as Profit-Taking and Crypto Concerns Weigh","media":"Stock Track","content":"<p>HASHKEY HLDGS (03887) saw its shares plummet by 5.69% during intraday trading on Wednesday, marking a sharp reversal from its initial surge during its Hong Kong trading debut. The stock opened at HK$6.70, slightly above its IPO price of HK$6.68, and initially climbed as much as 6.6% to HK$7.12 before losing momentum.</p><p>The drop is attributed to profit-taking by early investors and broader concerns about the volatility of the crypto market, especially given mainland China's ban on cryptocurrency trading. Despite strong demand for its IPO, with the retail tranche nearly 394 times oversubscribed and institutional demand reaching 5.5 times, the stock failed to sustain its early gains.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | HASHKEY HLDGS Plummets 5.69% in Intraday Trading as Profit-Taking and Crypto Concerns Weigh</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | HASHKEY HLDGS Plummets 5.69% in Intraday Trading as Profit-Taking and Crypto Concerns Weigh\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-12-17 10:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HASHKEY HLDGS (03887) saw its shares plummet by 5.69% during intraday trading on Wednesday, marking a sharp reversal from its initial surge during its Hong Kong trading debut. The stock opened at HK$6.70, slightly above its IPO price of HK$6.68, and initially climbed as much as 6.6% to HK$7.12 before losing momentum.</p><p>The drop is attributed to profit-taking by early investors and broader concerns about the volatility of the crypto market, especially given mainland China's ban on cryptocurrency trading. Despite strong demand for its IPO, with the retail tranche nearly 394 times oversubscribed and institutional demand reaching 5.5 times, the stock failed to sustain its early gains.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03887","symbol_name":"HASHKEY HLDGS","start_time":0,"source_url":"","article_id":"1133939892","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1133939892","pubTimestamp":1765938749,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"HASHKEY HLDGS (03887) saw its shares plummet by 5.69% during intraday trading on Wednesday, marking a sharp reversal from its initial surge during its Hong Kong trading debut. The stock opened at...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03887":"HASHKEY HLDGS"},"translate_title":"个股追踪|HASHKEY HLDGS盘中暴跌5.69%，因获利了结和加密担忧承压","themeId":"3d3e10572cc39d6ec66e935afeb518cf","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03887":1},"content_text":"HASHKEY HLDGS (03887) saw its shares plummet by 5.69% during intraday trading on Wednesday, marking a sharp reversal from its initial surge during its Hong Kong trading debut. The stock opened at HK$6.70, slightly above its IPO price of HK$6.68, and initially climbed as much as 6.6% to HK$7.12 before losing momentum.The drop is attributed to profit-taking by early investors and broader concerns about the volatility of the crypto market, especially given mainland China's ban on cryptocurrency trading. Despite strong demand for its IPO, with the retail tranche nearly 394 times oversubscribed and institutional demand reaching 5.5 times, the stock failed to sustain its early gains.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}