$ASIA TELE-NET(00679.HK) dropped a brutal nine points, and $DONGYUE GROUP(00189.HK) also fell by five or six points 😪
These two small-cap materials/chemical stocks in the Hong Kong market were hit hard when the broader market was weak. The fluorochemical sector inherently follows cycles and demand. Once risk appetite contracts, highly volatile small-cap materials stocks are the first to take a hit, and it's hard to stop the decline without good news on the demand side.
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