Power tools giant Chuangke Industrial fell more than 4% to hit a three-year low.

Power tools giant Chuangke Industry (0669.HK) fell sharply in the afternoon, falling 4.73% to a three-year low of HK $70.45, with a total market capitalization of about HK $130 billion. Jehoshaphat Research, a short seller, recently released another report saying that Chuangke has been defrauding its core customer, Home Depot, for at least four years, causing the latter to miss out on billions of dollars in sales.