On June 8, Iluvatar CoreX fell 4.2% in regular trading, trading at 478.0 HKD/share, with trading volume of HKD 298 million.

On the news front, the decline is primarily attributed to a classic buy-the-rumor-sell-the-news dynamic. Iluvatar CoreX was officially included in the Shanghai-Shenzhen Stock Connect program effective today, but the market had already fully priced in this catalyst, prompting profit-taking upon realization. The stock had previously surged over 17% from approximately 457 HKD to 537.5 HKD following its inclusion in the Hang Seng Composite Index and an initiation at Outperform rating with a target price of 588.16 HKD. Since May 28, the stock has been in continuous correction, with today's decline extending this technical pullback.

Additionally, cornerstone investor lock-up periods are set to expire in July, with potential unlocking pressure weighing on near-term sentiment. Within the Semiconductors sector, performance is mixed, with Biren Tech up 10.48%, while HUA HONG SEMI down 3.44%, GIGADEVICE down 3.46%, and MONTAGE TECH down 4.12%.

(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.)