On July 8, ASMPT fell 3.21% in regular trading, trading at 179.8 HKD/share, with turnover of HKD 207 million. The stock has now retreated over 22% from its June 30 all-time high of 232 HKD.

On the news front, BlackRock disclosed a reduction of its long position in ASMPT from 6.13% to 5.48% as of June 29, signaling a shift in positioning by the global investment giant. Meanwhile, JPMorgan previously warned that chip stocks rallying to record highs had elevated volatility, increasing the risk of forced selling by VaR-sensitive investors breaching risk limits. The semiconductor equipment sector remained broadly under pressure, with peers including SICC down 2.75% and Xinyi Solar down 1.98%.

Citi raised its target price to 250 HKD on July 3 maintaining a Buy rating, citing ASMPT's leadership in TCB and advanced packaging as structural growth drivers. However, short-term profit-taking pressure continues to dominate the tape following the stock's prior 90% rally.

(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.)