On June 16, Hua Qin Technology (03296.HK) declined 3.03% in regular trading, trading at HKD 80.15/share, with turnover of HKD 60.21 million.

On the news front, the stock continues to face profit-taking pressure following the NVIDIA GTC Taipei conference catalyst that drove a surge of over 21% on June 1, hitting a post-listing high. Since June 3, the stock has been in sustained correction, with last week's cumulative decline reaching 4.44%. Capital flow data shows net outflows exceeding HKD 240 million over the past five trading days, indicating that selling pressure from earlier gains has yet to be fully absorbed.

On the institutional front, Morgan Stanley increased its position by approximately 701,900 shares on June 3 at around HKD 92.58 per share, raising its stake to 6.52%. Goldman Sachs initiated coverage with a Buy rating and a target price of HKD 127.76, projecting a compound annual revenue growth rate of 32%. Wells Fargo Fund also added 1.09 million shares on June 9 at approximately HKD 81.07 per share. Despite institutional support, short-term adjustment patterns persist as profit-taking continues to weigh on price action.

(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.)