IMOTIONAUTOTECH (01274.HK) +0.300 (+0.503%) marked a three-day free fall after setting an all-time high. It last printed at $58.8, collapsing 40.46%, on volume of 391,300 shares and turnover of $32.0779 million.
According to hearsay, Tesla (TSLA.US) had started cooperation with BIDU-SW (09888.HK) -2.400 (-2.168%) Short selling $188.11M; Ratio 24.208% on map and navigation functions this Monday (29 April), removing major obstacles for Tesla's Full Self-Driving (FSD)'s foray into Mainland China market.
In response, HK-listed stocks with self-driving concept were in demand on that day. IMOTIONAUTOTECH were amongst them, hitting a new high and concluding at $112.3.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-07 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
