Hong Kong Stocks Surge on Stablecoin Speculation

Puxing Energy and Delin Holdings, both listed in Hong Kong, experienced notable stock price surges on July 10, 2025, following stablecoin concept speculation.

The sharp rise in stock prices signals investor eagerness for cryptocurrency exposure, despite no official leadership comments or regulator reactions.

Stocks Skyrocket: Puxing Energy Soars 280% Amid Crypto Moves

Amid recent speculation, Hong Kong-listed Puxing Energy reported a notable uptick after announcing its involvement with a digital asset exchange. By purchasing Series A shares and securing less than a 5% stake, Puxing Energy saw its stock surge. By the close, the stock was up 141.38% at HKD 1.40, having reached a high of HKD 2.24. Previously, the company announced that it had subscribed to Series A preferred shares issued by a certain exchange, acquiring a stake of no more than 5% and becoming a shareholder.

Industry observers remain cautious, indicating fears of a stock correction. Nevertheless, the sudden interest in stablecoin concepts by these companies highlights heightened market enthusiasm. No official statements were made by top executives from Puxing Energy or Delin Holdings, leaving the rationale behind these moves open for further speculation.

The market’s immediate reaction included Puxing Energy‘s shares soaring over 280% intraday, closing at 141.38% higher. Delin Holdings also experienced gains, peaking more than 70% in early trading.

Crypto-Driven Surges: Historical Context and Regulatory Outlook

Did you know? Previous stock hype cycles in Hong Kong involving crypto concepts often led to rapid corrections, as regulatory scrutiny and waning speculative interest influenced market dynamics.

Ethereum (ETH) experiences notable growth, with a 24-hour increase of 6.56%, reaching $2,782.49. The altcoin’s recent gains stem from its strong 90-day increase of 78.31%, reflecting active trading sentiments. Data provided by CoinMarketCap.

Future regulatory changes could impact speculative stock plays by companies pursuing crypto strategies. Coincu Research suggests industry volatility will persist without official guidance. Investors should closely monitor evolving market dynamics.