HK Stocks in Focus: Commercial Space Sector Retreats After Zhongxing 4B Satellite Launch Failure, Rumored Delay of Zhuque-3 Y2

Stock News08-11 09:38

Commercial space-related stocks are broadly declining in Hong Kong trading. GOLDWIND (02208) fell 8.08% to HK$10.24, DRINDA (02865) dropped 5.07% to HK$17.42, APT SATELLITE (01045) slipped 2.21% to HK$2.21, and CHINA AEROSPACE (00031) decreased 1.9% to HK$0.515.

According to Xinhua News Agency, at 20:02 on August 10, China launched the Zhongxing 4B satellite from the Wenchang Space Launch Site using a Long March 7A carrier rocket. The rocket experienced an anomaly during flight, resulting in a failed mission. The specific cause is currently under further analysis and investigation.

Additionally, based on unverified online reports, the launch window for the LandSpace Zhuque-3 Y2 rocket, originally scheduled for the morning of August 11, has been adjusted and may be postponed to August 31. The market had previously anticipated that if this launch were successful, LandSpace would become China's first commercial rocket company to master reusable rocket technology.

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