On July 6, Shenghong Technology declined 3.3% in regular trading, trading at HK$286.6/share, with turnover of HK$195 million.

The decline reflects the continued fallout from reports that Samsung Electronics and SK Hynix are demanding upstream substrate manufacturers lower prices for the second half. This news triggered a sector-wide selloff on July 2, with Shenghong Technology plunging over 13% in a single session. Although a technical rebound occurred on July 3, market confidence in the volume-price growth thesis has been shaken, and selling pressure has not fully dissipated.

Within the Electronic Components sector, peers continued to weaken, with FIT Hon Teng down 4.71%, KB Laminates down 3.61%, Sunny Optical down 4.0%, and Kingboard Holdings down 1.52%. The company had accumulated significant prior gains, and short-term profit-taking pressure persists despite its strong fundamentals, including full order books and tight high-end PCB supply.

(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.)