On July 7, Iluvatar CoreX fell 3.02% in regular trading, trading at 561.0 HKD/share, with turnover of HKD 309 million. The stock has declined over 36% from its post-listing high of HKD 887.50 set on June 25.

On the news front, the company's first batch of cornerstone investor lock-up shares, representing approximately 4.3% of total issued shares, are set to expire around July 8. Morgan Stanley and Goldman Sachs have warned that the upcoming unlock wave will intensify selling pressure, with historical data indicating that stocks typically fall 4% to 7% within three to six months following lock-up expiry.

The broader semiconductor sector also weighed on sentiment, with Montage Technology down 11.35%, GigaDevice down 9.36%, SMIC down 3.04%, and Biren Technology down 2.93%, while Hua Hong Grace edged up 0.67%.

(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.)