Movement Alert|Lingyi iTech Falls 3.88% in Regular Trading, Korean Market Circuit Breaker and Sector Weakness Amplify Selling Pressure

Market Focus07-08

On July 8, Lingyi iTech fell 3.88% in regular trading, trading at HK$7.85/share, with turnover of HK$64.10 million.

On the news front, the Korean KOSPI index plunged 5.57% on July 7, triggering a circuit breaker. Samsung Electronics fell over 6% and SK Hynix dropped nearly 5%, severely deteriorating overseas semiconductor sentiment. Meanwhile, reports that Samsung and SK Hynix are demanding upstream substrate suppliers cut delivery prices in the second half continue to weigh on the electronic components sector. Peer stocks including KB Laminates fell 2.64%, Kingboard Holdings fell 3.78%, and Lens Technology fell 5.22%.

Additionally, the company's H shares listed on June 26 at an IPO price of HK$10.18 and have traded below that level consistently. The current share price represents a discount of over 21% to the offering price, intensifying market selling pressure despite the company having repurchased 22.2 million A-shares totaling RMB 311 million through the end of June.

(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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