On July 7, Delton Technology (01989.HK) fell 3.01% in regular trading, trading at HKD 147.9/share, with turnover of HKD 25.71 million.
On the news front, previously reported demands from Samsung Electronics and SK Hynix for upstream PCB substrate suppliers to cut prices in the second half continue to weigh on sentiment. If the price reductions materialize, the 3% to 4% price increases accepted at the start of the year would be fully offset. The news initially triggered a sector-wide selloff on July 2, when Delton Technology plunged over 21% in a single session on its Hong Kong listing.
Adding to selling pressure, Fullgoal Fund reduced its stake by 259,400 shares on July 2 at an average price of HKD 195.5, lowering its holding from 6.41% to 5.84%. The broader Electronic Components sector remained weak, with KB Laminates down 5.01%, Kingboard Holdings down 4.71%, and VGT down 2.72%, reflecting continued sector-wide adjustment.
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