On July 22, SMIC declined 3.05% in regular trading, trading at HKD 73.35 per share, with turnover of HKD 6.777 billion. The decline comes as the semiconductor sector faces broad profit-taking pressure following a sharp collective rally in the previous trading session.

On July 21, the semiconductor sector staged a significant rebound, with SMIC surging over 8% and HUA HONG GRACE jumping over 17%, driven by TSMC's strong Q2 earnings and oversold technical recovery demand. Southbound capital net purchased HKD 19.26 billion worth of SMIC shares that day. However, the rapid gains triggered short-term profit realization, with today's sector-wide pullback seeing HUA HONG GRACE down 5.7% and GIGADEVICE down 5.7%.

Additionally, SMIC disclosed on July 22 that the fourth vesting period of its 2021 STAR Market restricted stock incentive plan will proceed, involving approximately 1.0316 million shares. The short-term supply expectation from this vesting has further weighed on market sentiment.

(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.)