Movement Alert｜Manycore Tech Falls 5.2% in Regular Trading, US Tech Sell-Off Shockwave Continues to Drag HK AI Stocks

Market Focus06-17

On June 17, Manycore Tech declined 5.2% in regular trading, trading at HKD 14.03/share, with turnover of approximately HKD 20.92 million. The stock hit a fresh 52-week low as panic selling persisted.

On the news front, the prior session saw US indices suffer a broad sell-off, with the Nasdaq Composite plunging 4.18%, NVIDIA falling 6.20%, and Intel dropping 11.28%. The severe correction in semiconductor and AI sectors continued to transmit fear into Asia-Pacific markets. Manycore Tech has posted significant cumulative losses over the past month, with its share price breaking below the previous 52-week low amid sustained market pressure.

Within the Application Software sector, individual stocks diverged. SENSETIME-W rose 2.07%, while 51WORLD fell 3.7%, HORIZON ROBOT-W fell 2.22%, PHANCY fell 2.63%, and KINGDEE INT'L fell 1.49%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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