On May 26, Kuaishou-W (01024.HK) fell 3.42% in regular trading, trading at HK$44.2/share, with trading volume of HK$405 million. The stock has now broken below the HK$48 target price previously set by JP Morgan following its rating downgrade.

On the news front, JP Morgan recently downgraded Kuaishou from Overweight to Neutral and slashed its target price from HK$89 to HK$48, citing e-commerce regulatory tightening and consumer weakness leading to core revenue growth deceleration. Meanwhile, all gains previously triggered by the Kling AI spin-off announcement have been fully erased, removing a key near-term sentiment support.

Within the Interactive Media and Services sector, the broader group traded lower. Among individual stocks, Tencent fell 1.86%, Bilibili fell 2.61%, Newborntown fell 2.65%, Meitu fell 2.23%, and Baidu fell 1.64%, reflecting persistent liquidity contraction across the technology sector that has intensified selling pressure on individual names.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)