The Hong Kong stock of Dongfang Electric suspected of a false signal, once rose over 700%.

Jin10 Data reported on July 21 that this morning, Dongfang Electric’s A-share hit the “limit up” price, with its H-share Opening Price at 17.14 HKD. After the opening, the stock price surged to 119.9 HKD, rising over 700%, and then quickly fell back. This trend has sparked heated discussions in the market, with many netizens believing it could be a case of mistaken orders. An investor analyzed that at 9:30, a transaction of 400 shares of Dongfang Electric (01072.HK) was executed at 119.9 HKD, while the previous transaction price was 20 HKD, and the next transaction price was 20.85 HKD. Based on this analysis, it is highly likely that the order placer intended to buy at 19.9 HKD but mistakenly placed the order at 119.9 HKD. (China Securities Journal)