Movement Alert|Haizhi Technology Group Falls 5.1% in Regular Trading, AI Sector Under Sustained Pressure Amid Post-Stock Connect Capital Repositioning

Market Focus06-26

On June 26, Haizhi Technology Group (02706.HK) fell 5.1% in regular trading, trading at HKD 53.95, with turnover of HKD 14.18 million.

On the news front, the systems software industry broadly weakened, with MINIMAX down over 6%, Deepexi Technology down over 5%, and Extreme Vision down over 4%, as the AI sector continued its adjustment trend. Since its inclusion in the Stock Connect program on June 8, Haizhi Technology has been caught in a tug-of-war between incremental southbound capital allocation and existing holders seeking to lock in profits at elevated levels, resulting in persistent wide-range oscillation in the stock price.

Market institutions had previously flagged that investors should temporarily avoid the crowded AI hard-tech sector in the near term. On the institutional coverage side, BOC International and Guotai Haitong both maintain bullish ratings with target prices ranging from HKD 80.81 to HKD 97.47, implying significant upside from current levels.

(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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