On July 20, SMIC rose 4.28% in regular trading, trading at HK$69.85/share, with turnover of HK$507 million.

On the news front, the semiconductor sector staged a broad-based rebound, with peers including HUA HONG GRACE up 5.55%, MONTAGE TECH up 6.43%, GIGADEVICE up 3.37%, and ILUVATAR COREX up 2.58%. The sector had undergone four consecutive trading days of correction starting July 14, during which profit-taking pressure was concentrated and released. Short-term technical recovery demand has now emerged following the pullback.

Mid-term industry drivers including wafer foundry price hike expectations and AI computing power demand remain fundamentally intact. Market capital re-entered positions after the sustained adjustment. Previously, SMIC had experienced a rapid rally phase, with its A-share surging over 14% in a single session on July 9 and its market capitalization briefly surpassing that of Kweichow Moutai, accumulating significant short-term gains that triggered the subsequent correction.

(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.)