$WELLCELL HOLD(02477.HK) dropped nearly 7 points. Hong Kong's telecom engineering small-caps are drifting lower without news; poor liquidity means even a slight increase in sell orders can create a dip. $Echostar(ECHO.US) saw a slight decline, entering a quiet period after the asset disposal narrative for its satellite spectrum assets has played out.
The telecom sector hasn't been lively this year at all; market movements rely entirely on event-driven catalysts, so it's usually ignored🫥
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