On June 5, SMIC declined 3.44% in regular trading, trading at approximately 78.7 HKD/share, with trading volume reaching 12.69 billion HKD. The decline comes amid continued market concern over the National Integrated Circuit Industry Investment Fund (Big Fund) reducing its long position in SMIC H-shares to below 8%.

According to Hong Kong Stock Exchange filings, the Big Fund recently reduced holdings in multiple semiconductor names including SMIC, Shanghai Silicon Industry, and Debond Technology. The fund cut approximately 1% stakes in both Shanghai Silicon Industry and Debond Technology through block trades in late May. Market participants interpreted the moves as part of the Big Fund Phase 1 exit cycle, designed around a 5-year investment and 5-year recovery framework now approaching its conclusion. The reductions triggered a broad semiconductor selloff on May 29, with SMIC falling over 6% that day, and sector pressure has persisted into early June.

Within the Semiconductor sector, peers also traded lower: HUA HONG SEMI down 4.28%, GIGADEVICE down 6.36%, MONTAGE TECH down 5.81%, and DRINDA down 3.93%, reflecting broad-based sector weakness.

(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.)