HashKey Holdings lost 5% on its first day in Hong Kong.

HashKey Holdings experienced an approximate 5% decline on its first day of trading on the Hong Kong stock exchange. This situation indicates that investors are adopting a cautious approach in the market.

The company reported significant losses due to its ultra-low fee strategy. This strategy has not shown growth in parallel to operating costs.

The growth of HashKey is increasingly dependent on Hong Kong's regulatory framework. This situation is affecting the company's market outlook.