On June 1, Iluvatar CoreX (09903.HK) fell 4.7% in regular trading, trading at 468.2 HKD/share, with trading volume of 60.67 million HKD, extending the consecutive pullback from the prior week.

On the news front, the decline is interpreted as a continuation of technical profit-taking following a sharp rally. The stock had previously surged over 17% from approximately 457 HKD to a high of 537.5 HKD after being included in the Hang Seng Composite Index and receiving a first-time Outperform rating from Haitong International with a target price of 596.7 HKD. Since May 28, the stock has been in sustained retreat as investors lock in gains. Additionally, cornerstone investor lock-up periods are set to expire successively starting in July, with the anticipated unlocking adding to near-term selling pressure.

Within the Semiconductors sector, individual stocks broadly declined, with SMIC down 1.59%, Hua Hong Semi down 3.47%, Montage Tech down 2.95%, GigaDevice down 0.47%, and Innoscience down 3.73%.

(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.)