On June 2, Montage Technology fell 3.01% in regular trading, trading at HK$357.0/share, with trading volume of HK$300 million. The decline extends the recent correction pattern triggered by a sweeping wave of shareholder reductions across the semiconductor sector.

On the news front, a coordinated wave of shareholder sell-downs has weighed heavily on the semiconductor sector. On May 22, seven major semiconductor companies including Montage Technology collectively announced reduction plans totaling approximately RMB 12.7 billion. Montage Technology's shareholder Shanghai Rongying completed an inquiry-based transfer of 12.228 million shares at RMB 250.08 per share, reducing its stake from 6.84% to 5.78%. The stock had already fallen 8.18% on June 1 on its A-share listing, closing at RMB 232.3, as institutional capital continued to exit amid elevated sector valuations and profit-taking pressure following a year-to-date gain exceeding 125%.

Within the Semiconductor sector, SMIC gained 0.25%, while HUA HONG SEMI fell 0.98%, GIGADEVICE fell 4.38%, INNOSCIENCE fell 2.67%, and ILUVATAR COREX fell 4.98%.

(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.)