On July 22, Hua Hong Semiconductor (01347.HK) declined 3.62% in regular trading, trading at HK$166.0/share, with turnover of HK$1.994 billion. The stock retreated after surging approximately 18% in the previous session.

On the news front, the July 21 dragon and tiger list data revealed that institutional investors net sold RMB 324 million and northbound capital net sold RMB 98.22 million on the A-share side during the previous day's limit-up session. Despite the stock's 20% surge on July 21 driven by TSMC's planned mature process price hikes and sector-wide momentum, the significant institutional selling pressure appears to be weighing on sentiment. The previous session's rally was fueled by multiple catalysts including CSRC approval for the company's share issuance to acquire 97.5% of Hualimicro, Goldman Sachs raising its target price to HK$333, and AI-driven demand spillover into mature-node semiconductors. The current pullback follows a pattern of sharp volatility, with the stock having previously corrected over 30% from its July 10 peak before rebounding.

(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.)