On June 5, Tianshu Zhixin fell 3.25% in regular trading, trading at 425.6 HKD/share, with trading volume of 13.86 million HKD, extending its sustained pullback since May 28.

On the news front, the decline is largely interpreted as a continuation of technical profit-taking following a sharp rally. The stock previously surged over 17% from around 457 HKD to a high of 537.5 HKD after being included in the Hang Seng Composite Index (effective June 8) and receiving initial Outperform ratings from institutions with target prices of 588-597 HKD. The stock has now retreated over 20% from its peak. Additionally, cornerstone investor lock-up periods are set to expire progressively in July, intensifying near-term selling pressure. The broader semiconductor sector is also weighing on sentiment, with SMIC down 3.86%, Hua Hong Semi down 5.56%, GigaDevice down 6.87%, Montage Tech down 5.17%, and Innoscience down 1.33%.

(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.)