The Hong Kong Stock Exchange ordered a trading halt, causing StarLink, a Hong Kong-listed cryptocurrency concept stock, to plummet by 70%.

According to Mars Finance, cryptocurrency concept stock Starchain (00399.HK) announced that it has been ordered to suspend trading by the Hong Kong Stock Exchange because the exchange questioned whether the company could meet its continued listing requirements. The stock plummeted 73%, closing at HK$0.064 per share, a 91% drop from its peak price at the end of July. The Hong Kong Stock Exchange stated that, according to Rule 13.24 of the Listing Rules, Starchain failed to maintain a sufficient level of operation and did not have sufficient assets of sufficient value to support its operations, thus requiring its shares to remain listed. Therefore, it was ordered to suspend trading from November 26th. Starchain responded in its announcement that it has decided to apply to the Listing Committee of the Hong Kong Stock Exchange for a review.