On June 1, SMIC rose 3.13% in regular trading, trading at HK$83.7/share with trading volume of HK$4.622 billion, recovering from the sharp 8.97% pullback on May 29.

The rebound comes as southbound capital has continuously accumulated SMIC shares for four consecutive weeks, adding over 80 million shares in the most recent week alone with net purchases exceeding HK$7.3 billion. The persistent institutional buying reflects sustained confidence in SMIC's positioning as the core domestic foundry platform benefiting from Huawei's Tao Law paradigm announced on May 25, which proposes replacing geometric scaling with time-based scaling through logic folding technology.

The stock had retreated from its May 28 intraday high of 159.05 yuan on the A-share side following National IC Fund's disclosed reduction of 7 million shares at an average price of HK$86.69, triggering profit-taking. However, continued southbound fund inflows and broader market recognition of SMIC's strategic role in China's semiconductor self-sufficiency roadmap appear to be supporting the recovery.

(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.)