On July 20, Hua Hong Semiconductor rose 6.49% in regular trading, trading at HK$148.4/share, with turnover of HK$695 million.

On the news front, the semiconductor sector staged a collective rebound following a sustained correction. The stock had previously surged nearly 30% in one week after receiving CSRC approval to issue shares to acquire 97.4988% of Hualii Microelectronics, coupled with Goldman Sachs raising its target price from HK$174 to HK$333 while maintaining a Buy rating. Since July 10, however, the Hong Kong-listed shares had pulled back over 30% from their highs amid sector-wide profit-taking.

Within the Semiconductor sector, peers exhibited broad strength: Montage Technology up 8.78%, GigaDevice up 6.0%, SMIC up 4.43%, and Iluvatar CoreX up 2.08%, with sector linkage effects driving technical recovery across individual names.

(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.)