On June 22, ZTE Corporation rose 3.07% in regular trading, trading at HKD 25.52/share, with turnover of HKD 242 million. The stock had been under pressure from consecutive pullbacks amid sector weakness and JPMorgan's continuous reduction in holdings.

The rebound was primarily driven by a strong recovery across the communications equipment sector. Among peers, YOFC surged 26.63%, Trigiant gained 11.46%, Nanfang Communication rose 10.29%, and CIG added 5.98%, creating broad sector momentum that lifted ZTE from recent lows near HKD 25. JPMorgan had previously reduced its stake from 7.65% to 6.14%, while the company's Q1 net profit declined 46.58% year-over-year, both weighing on sentiment in prior sessions.

On the supportive side, Morgan Stanley previously upgraded ZTE H-shares to Overweight with a target price of HKD 39, citing a second-half earnings inflection point and AI catalysts as key drivers for medium-term upside.

(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.)