On June 2, Tianshu Zhixin (09903.HK) fell 3.51% in regular trading, trading at 433.8 HKD/share, with trading volume of 94.17 million HKD. The decline extends a sustained pullback that began on May 28.

On the news front, the stock had previously surged over 17% from approximately 457 HKD on May 22 to a high of 537.5 HKD, driven by its inclusion in the Hang Seng Composite Index (effective June 8) and Haitong International initiating coverage with an Outperform rating and a target price of 596.7 HKD. The current retreat is interpreted by the market as a continuation of technical profit-taking following the sharp rally. Additionally, the lock-up period for the company's cornerstone investors is set to expire progressively starting in July, with the anticipated unlocking of shares adding to near-term selling pressure.

Within the Semiconductors sector, performance is mixed. SMIC up 1.7%, HUA HONG SEMI up 0.26%, while MONTAGE TECH down 2.58%, GIGADEVICE down 2.61%, and INNOSCIENCE down 1.41%.

(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.)