On October 22, SMIC fell 3.2% in regular trading, with the shares trading at HK$48.22 and turnover reaching HK$496 million.
The main catalyst cited by recent market coverage is continued weakness in capital flows. Reports indicate southbound funds had sold SMIC for 15 consecutive sessions, while A-share main funds also recorded net selling, reflecting cautious short-term risk appetite.
Background context suggests that although SMIC still has fundamental support from mature-node order spillover and volume-price improvement, the market is focusing more on the profit impact from depreciation pressure tied to the capitalization of new 12-inch production lines, leaving the stock under pressure amid continued fund positioning.
The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.
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