On July 23, SMIC fell 3.36% in regular trading, trading at 70.35 HKD/share, with turnover of 23.08 billion HKD. Although the stock briefly opened over 1% higher, selling pressure quickly emerged across the semiconductor sector.

On the news front, the semiconductor sector experienced a sharp collective rebound on July 21, with SMIC surging over 8% that day. Profit-taking pressure has since intensified, with the stock already declining 3.05% on July 22. Sector peers continued to weaken broadly, with HUA HONG GRACE falling 7.62%, ILUVATAR COREX down 5.47%, and GIGADEVICE declining 2.65%. Additionally, the company disclosed on July 22 a restricted stock incentive plan involving the vesting of 1.0316 million shares under the fourth tranche of its pre-reserved grants, with short-term supply expectations weighing on market sentiment.

(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.)