Moore Threads [SHA: 688795] plunged by the 20% exchange-imposed daily limit to its lowest since listing today, bringing its market cap below CNY200 billion (USD29.8 billion). The sell-off came after the Chinese GPU maker said that nearly 25.8 million restricted shares, equal to 5.5% of its total share capital, had unlocked, despite stressing that its fundamentals remain normal.
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