On July 29, SMIC fell 3.04% in regular trading, trading at 66.85 HKD/share, with turnover of 14.01 billion HKD.

On the news front, ChangXin Technology landed on the STAR Market on July 27 with a base fundraising of approximately 57.9 billion yuan, with institutions estimating a post-listing market cap of 2 to 3 trillion yuan. Although SMIC posted a technical rebound of 3.47% on July 28, the recovery momentum failed to sustain. Institutions are reportedly reducing positions in liquid semiconductor leaders to allocate toward ChangXin Technology, with the sector-wide capital diversion effect still intensifying.

The broader semiconductor sector remains under significant pressure, with HUA HONG GRACE down 4.19%, GIGADEVICE down 6.25%, ILUVATAR COREX down 8.38%, MONTAGE TECH down 4.97%, and BIREN TECH down 0.97%, reflecting continued institutional rebalancing across the sector.

(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.)