UBTECH ROBOTICS's stock plummeted 5.07% intraday, extending its recent decline as investors continued to take profits following the stock's sharp rally earlier in the week.

The decline marks the second consecutive session of selling pressure, driven by short-term profit-taking after accumulated gains. Market concerns over equity dilution from the company's earlier H-share placement at a discount exceeding 11% remain unresolved, with investor sentiment toward frequent capital raises still negative.

Additionally, the Industrial Machinery sector continued its weakness, creating broad downward pressure on individual names within the sector.