Coherent Optibition (also known as Zhongji Xuchuang in Chinese markets) has announced its intention to issue and list H-shares on the Hong Kong Stock Exchange. In response to this development, stocks associated with the CPO (which could stand for a specific industry term, such as "Crude Palm Oil" or another relevant acronym depending on the context; here we assume it's a well-known concept in the financial circle) concept initially surged during the morning trading session. However, the upward momentum proved unsustainable, and these stocks subsequently experienced a decline, with many of them seeing their gains significantly reduced.
