Hong Kong Stock Market Movement | Cryptocurrency-related stocks fell across the board, with Starchain Group (00399) down 16% and Goldsurge Investment (01328) dropping over 10%.

Cryptocurrency-related stocks fell across the board. As of press time, XingTaiChain Group (00399) dropped 16.92%, trading at 0.216 Hong Kong dollars; Jinyong Investment (01328) declined 10.63%, trading at 2.86 Hong Kong dollars.

Zhitong FinanceMar 2 14:38

H-share Movement | Xing Tai Lian Group (00399) Surged Over 17% Intraday Amid Discussions with Nasdaq SPAC for Potential Merger; Company Plans U.S. IPO

Xing Tai Lian Group (00399) surged over 17% during intraday trading. As of the time of writing, it was up 7.69%, trading at HKD 0.28 with a turnover of HKD 16.658 million.

Zhitong FinanceMar 2 09:53

Bitcoin serves as a geopolitical 'barometer'; could the market opening on Monday herald a return of risk appetite?

Strategists at Academy Securities noted in their report that this is the third time Bitcoin has acted as a barometer of sentiment over a weekend of Middle East conflict. In all three instances, there was an initial plunge followed by a rebound; this time, the rebound was notably stronger, signaling a clear recovery in risk appetite. He stated that the premium from the conflict has been partially priced in based on oil price performance, with supply and inventory providing a buffer and limited geopolitical impact, suggesting risk appetite is likely to return.

wallstreetcnMar 1 19:02

XingTaiLian Group (00399.HK) is in discussions with Nasdaq SPAC firm Newbridge regarding a potential merger and acquisition deal, with plans to list in the United States.

Gelonghui, February 27th | Xingtailian Group (00399.HK) announced that on February 27, 2026, the company had entered into a memorandum of understanding with Newbridge Acquisition Limited (“Newbridge”) to explore opportunities for a special purpose acquisition company merger and acquisition transaction (“Potential Transaction”) involving the group and/or its assets or business. Newbridge is a blank check company established to merge, exchange shares, acquire assets, purchase shares, recapitalize, reorganize, or engage in similar business combinations with one or more commercial enterprises or entities.

Gelonghui FinanceFeb 27 23:02

Hong Kong Stocks Close | Three Major Indices Extend Weak Volatility on Weekly Basis; Haitz Technology Surges Over 60% Accumulatively

① Why do energy stocks outperform amidst geopolitical risks? ② What are the key factors pressuring Hong Kong-listed technology and internet stocks?

cls.cnFeb 20 16:34

The cryptocurrency-related stock Xingtailian Group surged by 100% at one point! Hong Kong is expected to issue the first batch of stablecoin issuer licenses in March this year.

Some brokerage firms believe that the industry is currently in a critical period of accelerated policy implementation and the establishment of a compliance framework. The expedited regulatory pilots and legislative progress may drive stablecoins from a gray area toward institutionalized development, with potential for further expansion in both breadth and depth of application in the future.

China SecuritiesFeb 20 14:20