On July 3, Montage Technology fell 3.19% in regular trading, trading at HK$372.4/share, with turnover of HK$136 million. The decline follows the broader semiconductor sector's continued adjustment after the previous session's sharp selloff.

On July 2, Montage Technology had already plunged 9.13%, while peers SMIC fell 8.89%, Hua Hong Grace dropped 10.92%, and GigaDevice declined 12.04%, reflecting severe sector-wide selling pressure. In the current session, the correction persists with SMIC down 2.92%, GigaDevice down 3.46%, Hua Hong Grace down 2.85%, and Innoscience down 1.8%, indicating that selling pressure has not yet been fully absorbed.

JPMorgan previously issued a warning that chip stocks rallying to elevated levels had increased volatility, raising the risk of forced position reductions by VaR-sensitive investors who may breach their value-at-risk limits even while remaining fundamentally bullish on 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.)