Movement Alert|Meitu Inc Falls 5.98% in Regular Trading, US Stock Crash Drags Down HK Tech Sector

Market Focus
Jun 08

On June 8, Meitu Inc fell 5.98% in regular trading, trading at 4.85 HKD/share, with trading volume of 81.57 million HKD.

On the news front, last Friday US equities suffered a sharp selloff, with the Nasdaq index plunging 4.2% in a single session as tech stocks saw concentrated profit-taking. Panic sentiment fermented over the weekend and transmitted to Hong Kong-listed technology names. The Interactive Media & Services sector came under broad pressure, with BIDU-SW down 7.09%, NEWBORNTOWN down 4.41%, KUAISHOU-W down 3.76%, TENCENT down 1.15%, and BILIBILI-W down 0.56%.

Meitu had previously surged over 30% in early June driven by strong AI application revenue growth and institutional upgrades, but has since undergone multiple rounds of profit-taking. The external market crash further amplified short-term risk-off sentiment, intensifying selling pressure on the stock.

(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.)

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