MONTAGE TECH (06809) shares plummeted 5.02% intraday on Monday, extending a sharp decline in the Hong Kong semiconductor sector.

The movement continues a broad semiconductor sector sell-off that began in the previous trading session and carried over into the new week as market sentiment failed to recover. Storage-related semiconductor names are particularly under pressure as investors take profits following outsized prior gains.

Institutional liquidation pressure has been evident, with multiple large-block sales indicating concentrated selling. The sector shows pronounced divergence, with storage-exposed companies bearing the brunt of the profit-taking while other semiconductor names show mixed performance.