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China Stock Exchange Issues

$Futu Holdings Ltd(FUTU.US)$ Can anyone explain why the rise and fall of China Securities is very similar on the time sharing line. If you want to fall sharply, they all fall rapidly, almost in the same minute; if you want to open high, open high, who is manipulating it? Does the quantitative machine operate automatically, or are there institutions or large companies manipulating stocks at the same time?
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