---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40121336.md"
description: "$HUA HONG SEMI(01347.HK) fell today, mainly due to the combined effect of multiple short-term factors, rather than any negative changes in the company's fundamentals. Firstly, the stock had risen for several consecutive days prior, accumulating significant gains, which led to a large amount of profit-taking positions in the market. There was a clear need for profit-taking at high levels, and concentrated selling pressure in the morning session directly drove the stock price down. Secondly, the company's current valuation is relatively high, and market sensitivity to valuation has increased. Slight sentiment fluctuations can easily trigger valuation correction pressure. At the same time, the overall Hong Kong stock market was weak today, with the Hang Seng Tech Index and the semiconductor sector adjusting simultaneously. Under the AH-share linkage effect, Hua Hong's A-share also declined, further dragging down its stock price performance. Additionally, there are no new positive catalysts in the market for now. Investor sentiment is cautious, with a wait-and-see attitude intensifying, and buying orders lack sufficient support. Overall, this decline is a typical technical correction. The company's core logic regarding domestic substitution in mature processes, capacity expansion, and asset injection remains unchanged. The adjustment is more of a short-term fluctuation driven by liquidity and market sentiment."
datetime: "2026-04-23T02:27:17.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40121336.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40121336.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40121336.md)
author: "[不割韭菜](https://longbridge.com/en/profiles/27383081.md)"
---

# $HUA HONG SEMI(01347.HK) fell today, mainly due to…


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## Comments (1)

- **新用户_JXG3Wv · 2026-04-23T02:46:26.000Z · 👍 1**: It's a bit scary.Can't do technical analysis anymore.