On July 29, MONTAGE TECH fell 3.89% in regular trading, trading at 267.4 HKD/share, with turnover of HKD 245 million. The stock extended its multi-day decline following a 9.41% drop in its A-share counterpart on July 28 and over 12% decline in its H-share that same day.

The continued selloff is primarily driven by the aftermath of ChangXin Technology's listing on the STAR board on July 27, which the market views as a sector-wide \"boots landing\" event. ChangXin Technology's debut saw trading volume exceed RMB 1,400 billion and its market cap briefly surpassed ICBC to become A-share's largest, creating a massive capital siphoning effect on other storage and memory concept stocks. Additionally, Morgan Stanley recently warned that memory prices are approaching a peak, further dampening sentiment across the sector.

Within the Semiconductors sector, broad weakness persists. Among individual stocks, HUA HONG GRACE down 1.59%, SMIC down 1.09%, GIGADEVICE down 4.83%, ILUVATAR COREX down 6.38%, BIREN TECH up 0.13%.

(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.)