On July 8, Montage Technology (06809.HK) fell 4.02% in regular trading, trading at HKD 322.0/share, with turnover of HKD 315 million. The decline extends the semiconductor sector's ongoing correction that has persisted since early July.

On the news front, major institutional funds continued to exit semiconductor positions aggressively. On the prior trading day, Montage Technology recorded approximately RMB 2.032 billion in net main-force fund outflows, ranking second across the entire market. The broader semiconductor sector has been under sustained selling pressure following a historic rally that saw over 100% gains in three months, with market participants citing concerns over AI capital expenditure sustainability and high valuations triggering profit-taking. Additionally, the company announced the completion of its 2025 second share buyback program, with 1.662 million A-shares totaling approximately RMB 220 million scheduled for cancellation on July 8 to reduce registered capital.

Within the Semiconductors sector, SMIC up 0.54%, GIGADEVICE up 1.1%, BIREN TECH up 1.98%, HUA HONG GRACE down 2.33%, ILUVATAR COREX down 2.04%.

(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.)