Movement Alert|Manycore Tech Falls 5.23% in Regular Trading, US Stock Crash Ripples Continue to Drag HK AI Concept Stocks

Market Focus
06/10

On June 10, Manycore Tech declined 5.23% in regular trading, trading at 14.85 HKD/share, with trading volume of 15.93 million HKD.

On the news front, US markets suffered a severe selloff last Friday, with the Nasdaq plunging 4.18%. Semiconductor and AI stocks bore the heaviest losses — NVIDIA fell 6.20%, Intel dropped 11.28%, and Micron Technology plunged 13.25%. The Philadelphia Semiconductor Index tumbled over 10% in a single session, marking the most violent tech selloff since April 2025. Panic rapidly transmitted to Asia-Pacific markets, with Korea's KOSPI triggering circuit breakers after plunging over 8%.

Hong Kong AI concept stocks have remained under sustained pressure. Manycore Tech has accumulated over 35% in losses over the past month, with its share price approaching the 52-week low. Within the Application Software sector, Horizon Robot-W fell 5.35%, SenseTime-W dropped 5.19%, and Kingdee International declined 4.64%.

(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.)

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