Movement Alert｜SMIC falls 3.26% in Regular Trading, sector weakness and persistent funding pressure weigh on shares

Market Focus10-29 09:49

On October 29, SMIC fell 3.26% in Regular Trading, trading at HK$46.24, with turnover of HK$406 million.

The most recent market developments point to persistent funding pressure as a key factor. Public market updates noted that the stock had previously faced 15 consecutive sessions of southbound net selling and remained among notable net-sold names, while the broader semiconductor segment also weakened, adding pressure to the shares.

Sector moves were broadly negative. Among peer names, HUA HONG GRACE fell 5.57%, GIGADEVICE fell 4.57%, MONTAGE TECH fell 3.65%, ILUVATAR COREX fell 5.84%, and BIREN TECH fell 6.71%. Market attention has also remained on depreciation pressure linked to 12-inch capacity capitalization, a factor highlighted in prior public commentary.

(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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