On July 3, FIT Hon Teng rose 4.42% in regular trading, trading at HK$6.84/share, with turnover of HK$183 million. The rebound came after the stock plunged nearly 10% in the prior session amid broad-based selling pressure across the electronic components sector.

The recovery was driven by a collective technical rebound in the electronic components sector following consecutive sharp declines. KB Laminates gained 3.34%, Lens Technology rose 5.12%, and Sunny Optical advanced 2.62%, reflecting broad sector-wide oversold repair sentiment. The prior selloff was triggered by Apple's unprecedented global price hikes of 17% to 25% across Mac, iPad, and other hardware product lines, which prompted Goldman Sachs to cut its global smartphone shipment forecast by 4% to 1.14 billion units. Market concerns over weakening end-demand and declining supply chain order visibility had weighed heavily on Apple supply chain members including FIT Hon Teng, creating short-term oversold conditions that fueled the technical bounce.

(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.)