On July 13, Hua Hong Semiconductor declined 3.23% in regular trading, trading at HK$180.2/share, with turnover of HK$2.181 billion. The stock continues to retrace after a sharp rally driven by dual catalysts earlier this month.

The company received CSRC approval on July 8 to issue shares to acquire 97.4988% equity in Hualì Micro at a transaction price of RMB 8.268 billion, with authorized supplementary fundraising of up to RMB 7.556 billion for technology upgrades and specialty process R&D. Concurrently, Goldman Sachs raised its target price from HK$174 to HK$333, maintaining a Buy rating, citing AI-driven margin improvement. These catalysts propelled the stock nearly 30% higher within one week.

The market subsequently entered a profit-taking phase. On July 10, the HK-listed shares fell over 8% amid significant short-selling pressure, with the short-sell ratio exceeding 19% and short-sell value surpassing HK$1.2 billion. The current session extends that correction. Within the semiconductor sector, divergence remains pronounced, with GigaDevice down 10.91%, Montage Technology down 2.97%, while SMIC gained 1.57%.

(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.)