On May 29, Iluvatar CoreX (09903.HK) fell 3.66% in regular trading, trading at 530.0 HKD/share, with trading volume of approximately 69.33 million HKD. The stock extended its prior session's decline, accumulating over 7% in losses over two consecutive trading days.

On the news front, the pullback is widely interpreted as technical profit-taking following a sharp rally of over 17% from around 457 HKD on May 22 to a high of 537.5 HKD. The prior surge was driven by dual catalysts: the company's inclusion in the Hang Seng Composite Index (effective June 8, opening the path to Stock Connect eligibility) and Haitong International's initiation of coverage with an Outperform rating and a target price of 596.7 HKD, implying a forward price-to-sales ratio of 24x.

Within the Semiconductors sector, individual stocks showed notable divergence. SMIC fell 2.15%, Montage Technology declined 5.49%, while Biren Technology surged 15.97%.

(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.)