On June 25th, Gelonghui reported that the mobile phone concept stocks in the Hong Kong stock market fell collectively, with Panasialum falling over 8%, AAC Tech falling over 5%, FIH, Shun Yu, and BYD Electronic falling over 4%, Q Tech falling over 3%, and Cowell falling over 2%. In terms of news, research institution TechInsights stated that during the 618th China's second largest online shopping festival in 2024, the sales volume of smart phones decreased by 2% year-on-year to 13.1 million units, but due to the rise in average selling price, the market value of smart phones was almost flat year-on-year at 62.3 billion yuan ($8.6 billion), surpassing the total GMV of online commodity transactions that shrank by 3% year-on-year.
港股异动丨手机概念股集体下跌，618智能手机销量同比下降2%
Hong Kong stock market anomaly: collective decline of mobile phone concept stocks, with a 2% year-on-year decrease in 618 smart phone sales.
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