Movement Alert|Bilibili-W Falls 3.04% in Regular Trading, Overnight US Tech Selloff Drags Down Interactive Media Sector

Market Focus06-26 15:54

On June 26, Bilibili-W declined 3.04% in regular trading, trading at HKD 124.5/share, with turnover of HKD 473 million.

On the news front, overnight US markets saw broad-based selling, with the Nasdaq Composite plunging 2.21%. Bilibili's US-listed shares fell 4.77%, reflecting a sharp cooldown in global tech risk appetite. The selloff spilled over into Hong Kong's interactive media sector, with peers under significant pressure: Baidu-SW down 4.45%, Kuaishou-W down 3.08%, Meitu down 2.98%, and Tencent down 2.23%.

Adding to headwinds, Hong Kong Exchange data previously revealed JPMorgan's short position in Bilibili-W rose to 10.53%, up from 9.87%, maintaining bearish pressure on the stock. Notably, Bilibili had announced a $300 million share buyback program on June 24, which briefly supported the stock. However, the broader sector downturn has overshadowed company-specific catalysts in the near term.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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