On July 7, Xizhi Tech-P (01879.HK) declined 5.35% in regular trading, trading at HKD 308.4/share, with turnover of HKD 32.18 million. The stock has extended its steep selloff since July 2, when it plunged over 15% in a single session amid a sector-wide rout in optical communication names.
On the news front, the AI optical communication sector continues to undergo divergent correction as the market shifts from broad concept-driven trading to differentiating stocks based on customer binding, order certainty, CPO deployment pace, and valuation positioning, with high-beta names facing significant pullback pressure. The core trigger for this round of adjustment is excessive crowding in the global AI hardware trade, following a prior plunge of over 6% in the Philadelphia Semiconductor Index, prompting profit-taking and risk-off positioning. Optical communication, as a previous core beneficiary sector, has borne the brunt of selling pressure.
Within the Semiconductors sector, weakness was broadly shared. Among individual stocks, SMIC fell 3.83%, HUA HONG GRACE fell 0.45%, GIGADEVICE fell 9.87%, MONTAGE TECH fell 11.35%, and BIREN TECH fell 3.54%.
(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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