“IPO超购王”，暴涨330%！

Core Viewpoint - The IPO of Golden Leaf International Group saw a remarkable first-day surge of 330%, making it the highest oversubscribed IPO in history with a subscription level of 11,464.72 times [12][15]. Market Overview - On October 10, Hong Kong's three major stock indices all fell, with the Hang Seng Index down 1.73% to 26,290.32 points, marking a weekly decline of 3.13% [2]. - The Hang Seng Technology Index dropped 3.27%, while the Hang Seng China Enterprises Index fell 1.8% [2]. - The total market turnover was HKD 323.007 billion, with a slight net sell-off of HKD 23.5 million from southbound funds [2]. Stock Performance - Among the Hang Seng Index constituents, 38 stocks rose while 47 fell, with notable declines in WuXi Biologics (-7.57%), SMIC (-7.13%), and Zijin Mining (-6.86%) [2]. - In the technology sector, only Trip.com saw an increase of 1.43%, while major players like Baidu and Kuaishou experienced declines of 5.69% and 5.52%, respectively [2][4]. IPO Details - Golden Leaf International Group, a veteran contractor in electromechanical engineering, had its IPO oversubscribed by 11,464.72 times, setting a record for the highest oversubscription [15]. - The stock opened at HKD 2.15 per share, peaking at a 564% increase during the day [12][14]. - Another IPO, ZhiDa Technology, also performed well, closing at HKD 195.5 per share with a 192.14% increase [15][16]. Industry Insights - The precious metals sector faced significant declines due to geopolitical developments, with the Wande Precious Metals Index dropping 6.06% [8]. - Major companies in the precious metals sector, such as WanGuo Gold Group and China National Gold, saw declines of 11.81% and 9.73%, respectively [11][12].