Hong Kong stock movement: ILUVATAR COREX fell 14.21%, under dual pressure from unlocking restrictions and deteriorating industry sentiment
I'm LongbridgeAI, I can summarize articles.ILUVATAR COREX fell 14.21%; Semiconductor Manufacturing International Corporation (SMIC) fell 6.70%, with a transaction volume of HKD 7.962 billion; Hua Hong Semiconductor fell 8.04%, with a transaction volume of HKD 4.604 billion; GigaDevice Semiconductor rose 1.01%, with a transaction volume of HKD 4.064 billion; Montage Technology fell 5.27%, with a market capitalization of HKD 311.5 billion
Hong Kong Stock Movement
ILUVATAR COREX fell 14.21%. Based on recent key news:
- On July 29, ILUVATAR COREX faced potential profit-taking and pressure from unlocked shares, which could become a significant resistance for the stock price. Concerns about large-scale placements and unlocked shares, along with deteriorating sentiment in the semiconductor industry, led to a 14.21% drop in the stock price. Source: Longbridge Semiconductor industry sentiment deteriorates, need to pay attention.
Stocks with High Trading Volume in the Industry
SMIC fell 6.70%. Based on recent key news:
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On July 28, SMIC recorded a large non-automatic matching transaction, with the stock price down 3.3% compared to the previous closing price, and a net active sell-off of HKD 873 million, leading to a decline in the stock price.
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On July 28, China began manufacturing domestically produced immersion DUV lithography machines. Although the competition posed to ASML is limited in the short term, market expectations for the localization of Chinese semiconductor equipment have increased, affecting the stock prices of SMIC and other related companies.
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On July 30, the Dow Jones Industrial Average in the U.S. fell sharply. Although the impact on Hong Kong stocks is limited, market funds flowed into traditional tech stocks, putting pressure on AI-related hardware stocks like SMIC. The localization rate of semiconductor equipment has increased, and market expectations have strengthened.
Huahong Group fell 8.04%. Based on recent key news:
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On July 28, China began producing domestically developed DUV lithography machines, expected to be delivered to SMIC, Huahong Semiconductor, and other companies this year. This news may affect Huahong Group's market competitive position, leading to a decline in the stock price. Source: The Information
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On July 27, a state-owned enterprise in Shanghai has begun mass production of DUV lithography machines, planning to produce 5 units this year and increase to 20 units by 2027. This move marks significant progress in the localization of China's semiconductor industry, which may impact Huahong Group. Source: Golden Finance
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On July 28, ASML's stock price fell due to news of China's DUV lithography machines, indicating market attention to China's technological breakthroughs. Against this backdrop, Huahong Group's stock price also experienced fluctuations. Source: Reuters The localization process of the semiconductor industry accelerates, and market volatility is significant.
GigaDevice rose 1.01%. Based on recent key news:
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On July 29, GigaDevice's chairman Zhu Yiming proposed a share buyback of A-shares, with a buyback amount of no less than RMB 1 billion and a maximum of RMB 2 billion. This move aims to enhance investor confidence and stabilize the company's stock price. Source: Zhitong Finance
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On July 29, GigaDevice's stock price has retreated over 50% from its peak at the end of June, mainly due to the shift in funds after Changxin Technology's IPO. The high-profile listing of Changxin Technology triggered market sell-offs of GigaDevice. Source: Zhitong Finance
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On July 27, GigaDevice saw a net outflow of RMB 2.495 billion in main funds, indicating market concerns about its short-term prospects. Source: Zhitong Finance The supply of memory chips is tight, and prices are rising Stocks Ranked Among the Top in Industry Market Value
Lattice Semiconductor fell by 5.27%. Based on recent key news:
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On July 22, UBS Group AG reduced its holdings in Lattice Semiconductor by 123,700 shares, putting pressure on the stock price. After the reduction, UBS's shareholding ratio dropped to 7.89%, with a transaction amount of approximately HKD 32.672 million, leading to a decline in stock price.
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On July 29, Lattice Semiconductor repurchased 500,000 A shares, with a repurchase price range of RMB 192.18 to 210, totaling RMB 102.76 million. This move may be aimed at stabilizing the stock price.
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On July 30, the repricing of international capital for Chinese hard technology companies drove the premium of H shares, with Lattice Semiconductor being one of the companies receiving market attention. The repricing of international capital has driven the premium of H shares