On June 23, SenseTime-W declined 3.45% in regular trading, trading at HK$1.40/share, with turnover of HK$162 million. The stock extended its recent correction as the AI application sector continued to face headwinds from capital withdrawals and valuation adjustments.

On the news front, southbound capital has reduced holdings of SenseTime-W on 17 out of the past 20 trading days, with cumulative net selling reaching 617 million shares, exerting sustained downward pressure on the share price. Meanwhile, broader AI industry chain insider selling has continued to spread, with industrial capital locking in gains amid a market-driven reassessment of elevated sector valuations. Although SenseTime's recent inclusion in the MSCI China Index and its strategic partnership with Hong Kong Science and Technology Parks to build the city's largest domestic AI computing center provided temporary sentiment support, the persistent capital headwinds and sector-wide correction have weighed on share price recovery.

Within the Application Software sector, peers also showed weakness: 51WORLD down 9.92%, Horizon Robotics-W down 3.86%, Phancy down 2.35%, and Kingdee International down 2.23%.

(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.)