On July 13, National Technology (02701.HK) fell 5.56% in regular trading, trading at HKD 11.81/share, with turnover of HKD 27.98 million, extending the pullback trend that began last week.
On the news front, a Goldman Sachs client report revealed that hedge funds have net sold semiconductor and hardware technology stocks for four consecutive weeks, with heavy profit-taking sentiment across the AI sector. Following a sharp rally in the semiconductor sector on July 9, funds have been systematically realizing prior gains. At the ETF level, semiconductor-related products experienced significant net outflows, with short-term capital collectively retreating from high-valuation growth tracks. National Technology, as a sector constituent, declined in tandem.
Within the Semiconductor sector, broad weakness persisted. Among peers, SMIC rose 0.25%, while HUA HONG GRACE fell 5.28%, GIGADEVICE fell 10.37%, ILUVATAR COREX fell 2.78%, and MONTAGE TECH fell 4.68%.
(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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