Shanghai Fudan Microelectronics' stock plummeted 5.32% during intraday trading on Thursday, as the semiconductor sector faced broad selling pressure.

The decline is part of an extended industry-wide correction that has gripped the Hong Kong-listed semiconductor sector since mid-May. Other sector peers, including Innoscience, Hua Hong Semiconductor, GigaDevice, and SMIC, also experienced declines, reflecting sustained downward pressure and subdued market sentiment amid widespread institutional selling.

The semiconductor sector has seen consecutive trading days of collective declines, with Shanghai Fudan Microelectronics previously recording significant drops in recent sessions, indicating persistent weakness across the industry.