On June 30, Iluvatar CoreX (09903.HK) fell 3.67% in regular trading, trading at HK$703.0/share, with turnover of HK$124 million. The decline reflects continued profit-taking pressure following the stock's all-time high of HK$887.50 reached on June 25.

The stock has experienced heightened volatility since reaching its record, dropping 13.75% on June 26 amid a broad semiconductor selloff triggered by global chip market concerns including memory chip shortages and deteriorating sentiment. Although the stock rebounded 5.26% on June 29, supported by a sector-wide recovery and shareholder approval of a buyback resolution authorizing repurchase of up to 10% of issued H shares (approximately 24.51 million shares), selling pressure resumed today. The company remains unprofitable with a price-to-book ratio of approximately 60x, and the substantial prior rally has intensified bull-bear contention.

Within the Semiconductors sector, performance diverged. SMIC rose 2.89%, Hua Hong Grace gained 1.76%, and Biren Tech added 1.85%, while GigaDevice fell 3.55%.

(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.)