Movement Alert｜Hua Qin Technology Falls 3.33% in Regular Trading, Profit-Taking Pressure Resurfaces After Short Rebound as Hardware Sector Weakens

Market Focus06-11

On June 11, Hua Qin Technology (03296.HK) declined 3.33% in regular trading, trading at 78.85 HKD/share, with trading volume of 87.03 million HKD.

The stock had surged over 21% on June 1 to a post-listing high, driven by the NVIDIA GTC Taipei conference catalyst and AI computing momentum. A sustained pullback from June 3 brought the stock to a low of 73.75 HKD on June 8, followed by a brief two-day rebound on June 9-10. Today's decline indicates profit-taking pressure has not been fully absorbed, with the short-term rebound facing resistance.

The broader Technology Hardware sector is under pressure, with Sunmi Tech down 3.14%, Lenovo Group down 2.09%, Xiaomi down 1.82%, Legend Holdings down 1.37%, and Longcheer down 0.48%, creating a sector-wide drag on the stock.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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