On June 2, Biren Technology fell 3.49% in regular trading, trading at 58.35 HKD/share, with trading volume of approximately 69.62 million HKD.

On the news front, the stock had surged over 26% in the prior week, driven by multiple catalysts including its inclusion in the Hang Seng Composite Index, the Biren 166 chip receiving National Security Level-I certification, and buy ratings from multiple institutions. The sharp prior rally attracted short-term profit-taking, weighing on the stock.

The broader semiconductor sector also traded under pressure, with SMIC up 0.38%, HUA HONG SEMI down 0.66%, GIGADEVICE down 3.39%, MONTAGE TECH down 2.58%, and INNOSCIENCE down 2.3%, creating sector-wide headwinds that compounded selling pressure on the stock.

(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.)