On October 8, HUA HONG GRACE fell 3.8% in regular trading, trading at 101.2 HKD, with turnover of 268 million HKD. The decline was driven by broad weakness in the Hong Kong semiconductor sector amid concerns over the sustainability of cloud capital expenditure, compounded by elevated short selling activity that intensified selling pressure on the stock.
According to market data, HUA HONG GRACE recorded a short selling ratio of 37.59% on October 2, significantly above the industry norm. On October 6, short selling turnover reached 190 million HKD, ranking first among Hong Kong semiconductor stocks. This persistent liquidity pressure has continued to weigh on share price performance.
Within the semiconductor sector, SMIC fell 2.87%, BIREN TECH fell 3.83%, ILUVATAR COREX fell 8.32%, MONTAGE TECH fell 2.27%, and GIGADEVICE fell 0.32%.
(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.)