Morning Trend | ASMPT Short-term Volume Suppression, Can the Semiconductor Sector Stop the Decline?

On December 19th, ASMPT (522.HK) experienced a significant cooling in trading throughout the day, with continued pressure in the morning session and a focus on the active exit of main funds from the market. This week, the semiconductor sector has fallen into a vacuum of news, lacking rumors of orders and policy catalysts, shifting attention to export policies and the global supply chain rebalancing. Funds have generally shifted towards a defensive style, with a mix of sell-offs and wait-and-see positions within the sector, leading to a downward trend in ASMPT, and the overall trading volume shrinking highlights the hesitation of main funds. During the session, the flow of funds within the sector was extremely sparse, with no significant movements from main funds observed. On the technical side, a short-term bearish structure is quite evident, with pressure below the 5-day and 10-day moving averages, and some funds are concerned about renewed selling pressure at high levels. The entire market is closely watching the movements of the U.S. tech sector to see if it can drive a short-term strengthening of the domestic semiconductor sector. In terms of external disturbances, Japanese and South Korean semiconductor giants have released annual outlooks and supply chain adjustment plans, but there has been no direct uplifting effect on the return of funds to the Hong Kong stock market's semiconductor sector. Overall, if there is a sudden surge in volume during the session, caution should be exercised against a "false breakout" scenario. It is recommended to pay attention to innovative measures or unexpected positive news from the policy side and to watch for real signals of fund inflow, as short-term risks remain tilted upwards