On July 15, Montage Technology (06809.HK) rose 3.18% intraday, trading at 355.4 HKD/share, with turnover of approximately HKD 152 million. The rebound follows consecutive sharp declines, with the H-share plunging 8.70% on July 10 and falling over 5% on July 13, accumulating significant short-term losses that set the stage for a technical recovery.

Within the storage and semiconductor sector, peer stocks showed continued repair momentum. Gigadevice rose 2.47% and Iluvatar Corex gained 5.0%, indicating easing of prior concentrated selling pressure across the sector. The broader correction had been triggered by SK Hynix earnings missing market consensus and profit-taking following substantial prior gains.

On the corporate front, the company recently completed the cancellation of 1.662 million repurchased A-shares, reducing total share capital accordingly. Additionally, UBS Group previously increased its H-share holdings by 181,800 shares at approximately HKD 461.89 per share, signaling institutional recognition of long-term value and providing downside support.

(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.)