BRIGHT SMART (01428) saw its shares plummet by 9.08% during Monday's intraday trading session, marking a sharp decline amid broader market concerns.
The drop followed the People's Bank of China (PBOC) raising concerns about stablecoins, impacting HK-listed stablecoin concept stocks, including Bright Smart. The regulatory scrutiny has heightened investor caution, leading to the significant sell-off.
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