On July 14, SMIC fell 3.45% in regular trading, trading at HK$75.6/share, with turnover of HK$4.279 billion.
The semiconductor sector came under broad selling pressure as profit-taking emerged following a period of rapid gains. Peers including HUA HONG GRACE fell 6.27%, ILUVATAR COREX dropped 7.75%, and BIREN TECH declined 6.46%. SMIC had previously surged over 14% on July 9 on its A-share listing, with its market capitalization surpassing Kweichow Moutai, followed by another 5%-plus gain on July 13 in Hong Kong, accumulating significant short-term gains.
The correction is primarily attributed to technical profit-taking after concentrated gains. Mid-term catalysts including wafer foundry price hike expectations — with industry leader TSMC planning to raise 3nm process quotes by up to 15% in the second half and mature-node fabs raising supplementary order prices by nearly 20% — and the upcoming World Artificial Intelligence Conference scheduled for July 17-20 in Shanghai remain intact.
(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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