On July 2, Biren Technology fell 8.42% in regular trading, trading at HK$53.55/share, with turnover of HK$312 million.

The decline was primarily driven by broad-based selling pressure across the semiconductor sector. Within the Semiconductors sector where Biren Technology belongs, individual stocks were universally weighed down. Among sector peers, SMIC fell 7.38%, Hua Hong Grace fell 9.11%, GigaDevice fell 10.27%, Iluvatar CoreX fell 13.94%, and Montage Technology fell 7.75%.

Notably, Biren Technology had previously surged on positive catalysts including its Day0 adaptation of major AI models such as Zhipu GLM-5.2 via its BR166 series, as well as DBS initiating coverage with a fair value of HK$80.74. However, the stock had already experienced a sharp 16% single-day sell-off on June 26 amid a broader market rout driven by external liquidity tightening and elevated sector volatility.

(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.)