On July 6, Iluvatar CoreX (09903.HK) declined 3.43% in regular trading, trading at 605.0 HKD/share, with turnover of HKD 64.50 million. The stock has been in a sustained correction since hitting its all-time high of HKD 887.50 on June 25, with sharp single-day drops of 13.75% on June 26 and 14.53% on July 2.

The continued decline reflects persistent profit-taking pressure following the stock's massive prior rally. Despite recent bullish coverage from international investment banks — Macquarie initiating coverage with an Outperform rating and a HKD 1,240 target price, and JPMorgan raising its target to HKD 920 — short-term selling momentum has dominated as investors lock in gains from the stock's 387% first-half surge.

Within the Semiconductors sector, performance was mixed. Among peers, Montage Technology rose 1.41%, SMIC gained 0.97%, while Hua Hong Grace fell 2.13%, GigaDevice declined 3.16%, and Biren Technology dropped 4.02%.

(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.)