On July 30, HESAI-W-NEW fell 5.09% in regular trading, trading at 15.67 HKD/share, with turnover of approximately 93.11 million HKD. The decline came after the stock had rallied sharply in prior sessions, gaining 7.09% on July 28 and 5.15% on July 29, driven by its inclusion in the Shenzhen-Hong Kong Stock Connect and anticipation of second-quarter earnings scheduled for August 18.
On the broader market front, global tech stocks faced widespread selling pressure as funds rotated out of high-growth technology names into defensive, high-dividend sectors. Semiconductor and AI hardware chains led losses amid growing concerns over the AI hardware cycle peaking, with market sentiment favoring cash-flow-stable assets over growth narratives. The pullback in HESAI-W-NEW followed the broader pattern of profit-taking in recently strong tech names.
Within the Auto Parts and Equipment sector, ZHEJIANG SHIBAO rose 6.4%, FUYAO GLASS gained 0.43%, MINTH GROUP edged up 0.22%, while JOHNSON ELEC H fell 2.57% and CALB declined 0.89%.
(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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