On June 16, SMIC fell 3.26% in regular trading, trading at 74.15 HKD/share, with turnover of 32.59 billion HKD. The decline was driven by broad-based weakness across the semiconductor sector combined with ongoing divestment by China's National Integrated Circuit Industry Investment Fund (Big Fund).

Peer stocks suffered sharper losses on the day, with HUA HONG SEMI down 5.03%, ILUVATAR COREX down 6.51%, and INNOSCIENCE down 6.46%, reflecting significant sector-wide selling pressure. On the fund side, public filings show the Big Fund reduced its stake in SMIC by 7 million shares on May 26 at an average price of 86.69 HKD, totaling approximately 607 million HKD in a single transaction. The fund's holding ratio has declined from an initial 15.76% to below 5%, with cumulative disposals estimated to exceed 10 billion HKD. Market participants remain concerned about further overhang from potential additional sell-downs. Separately, 27 stocks within the SMIC-related concept sector recorded net institutional outflows exceeding 100 million yuan each, underscoring the challenging capital flow dynamics.

(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.)