On September 22, BOSS ZHIPIN-W fell 3.51% in regular trading, trading at HK$56.35/share, with turnover of HK$1.733 billion.

On the news front, two large block trades involving approximately 30.34 million shares worth about HK$1.728 billion were executed before the session opened, intensifying selling pressure. This follows the disclosure that Image Frame Investment, a core investment vehicle of Tencent Holdings, sold 36.6481 million shares at an average price of HK$60.67 per share on September 14 via an off-exchange transaction totaling approximately HK$2.223 billion. Tencent's stake dropped sharply from 6.51% to 2.17% following the disposal.

Adding to the bearish sentiment, JPMorgan reduced its position by 7.59 million shares on September 14 at an average of HK$63.13, lowering its stake from 5.76% to 4.86%. Director and Chairman Zhao Peng also sold a combined 743,600 shares on September 10-11 for approximately US$6.12 million. The concentrated institutional and insider selling has weighed heavily on market confidence 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.)