Stablecoin Concept Stocks Surge in Hong Kong Market

According to PANews, recent days have seen significant increases in the stock prices of several publicly listed companies in the Hong Kong market due to their involvement in the 'stablecoin concept.' On July 10, the stock of Puxin Energy experienced an intraday surge of over 280%. Similarly, Delin Holdings saw its shares rise by more than 70% during the morning session. Industry experts caution that some stablecoin concept stocks may be subject to short-term speculative overheating, advising investors to be mindful of potential correction risks.