On July 30, SMIC declined 3.2% in regular trading, trading at 64.85 HKD/share, with turnover of 7.77 billion HKD.

On the news front, CXMT (ChangXin Memory Technologies) listed on the STAR Market on July 27 with a base fundraising of approximately 57.9 billion yuan. Institutions estimate its post-listing market capitalization could reach 2 to 3 trillion yuan. The mega IPO has triggered a sustained fund siphoning effect across the semiconductor sector, as institutional investors continue reducing positions in liquid semiconductor leaders like SMIC to reallocate capital toward CXMT.

Additionally, on July 29, southbound capital recorded net selling of over 20 billion HKD in SMIC, signaling significantly intensified selling pressure from northbound flows. The broader semiconductor sector remains under pressure, with HUA HONG GRACE down 5.77%, indicating the sector-wide fund diversion effect continues to ferment. SMIC had briefly rebounded 3.47% on July 28 after the initial IPO shock, but that recovery momentum has since faded entirely.

(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.)