On June 29, Shenghong Technology (02476.HK) fell 3.04% in regular trading, trading at HK$333.0/share, with turnover of HK$435 million.

The decline was driven by continued weakness across the electronic components sector. PCB industry chain stocks were broadly under pressure, with Kingboard Laminates down 7.41%, Sunny Optical down 5.58%, and Kingboard Holdings down 5.38%. Market sentiment remained cautious following earlier rumors on June 23 that NVIDIA had demanded PCB manufacturers cut prices by 10% and that Shenghong Technology's expansion had delayed the Rubin platform shipment schedule. Although the company explicitly denied these claims, stating operations remain normal and fundamentals are unchanged, and multiple industry participants confirmed the rumors were exaggerated, investor confidence has yet to fully recover.

Additionally, transfer records on June 25 showed UBS Securities Hong Kong transferred out 960,000 shares worth approximately HK$1.11 billion, representing 2.74% of holdings, further intensifying short-term 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.)