On July 6, Xizhi Technology-P fell 5.63% in regular trading, trading at 329.0 HKD/share, with turnover of 11.4442 million HKD. The stock continues the deep correction in the optical communication sector that began on July 2, when the broader sector saw sharp declines with Xizhi Technology-P dropping over 15% in a single session.

On the news front, the core trigger for the ongoing sell-off is excessive crowding in the global AI hardware trade. The Philadelphia Semiconductor Index previously plunged over 6%, prompting funds to lock in profits and shift to risk-off positioning. Optical communication stocks, as a primary beneficiary sector during the prior rally, have borne the brunt of selling pressure. On July 2, sector peers including Cambridge Technology fell 24.39%, Yangtze Optical Fibre fell 21.30%, and Junzhi Group fell 19.38%. After a brief stabilization on July 3, renewed selling pressure has intensified the downtrend.

(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.)