On October 2, KUAISHOU-W fell 3.49% in regular trading, trading at HKD 29.66 per share, with turnover of approximately HKD 33.83 million. The decline came amid thin trading volumes during the National Day holiday period, with Hang Seng Tech heavyweights broadly under pressure and the interactive media sector collectively weakening.

On the institutional front, both JPMorgan and BlackRock recently reduced their long positions in KUAISHOU-W, with their respective stakes falling to 4.98% and 4.95%, both dropping below the critical 5% threshold. JPMorgan sold 1.921 million shares via off-exchange transactions at an average price of HKD 29.70 per share, while BlackRock reduced its holdings through non-cash asset off-exchange deals. Meanwhile, UBS Group increased its long position to 8.06% through OTC equity derivative transactions.

Within the Interactive Media & Services sector, TENCENT fell 1.81%, BIDU-W dropped 3.38%, BILIBILI-W declined 4.35%, MEITU lost 4.59%, and WB-SW fell 2.25%, reflecting broad-based sector weakness.

(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.)