On July 28, SMIC rose 3.47% in regular trading, trading at 71.0 HKD/share, with turnover of 20.84 billion HKD. The stock rebounded after the previous session's 3.01% decline triggered by ChangXin Technology's debut on the STAR Market.

ChangXin Technology officially listed on July 27 with a base fundraising of approximately 57.9 billion yuan, marking the largest IPO in STAR Market history. The massive offering had triggered concerns over capital diversion from existing semiconductor stocks, prompting institutional investors to reduce positions in liquid chip leaders. With the first-day impact now absorbed, short-term selling pressure has eased, generating technical rebound demand.

Supporting the recovery, public fund second-quarter reports revealed that active equity funds significantly increased SMIC holdings by 244 million shares. Notably, Zhang Kun's E Fund Blue Chip Select historically built its first-ever position in the stock, providing valuation support through concentrated institutional allocation. Additionally, TSMC's upward revision of full-year capital expenditure guidance reaffirmed AI-driven semiconductor prosperity, helping stabilize sector 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.)