Movement Alert|Hua Hong Semiconductor Rises 6.49% in Regular Trading, Semiconductor Sector Collective Rebound Drives Technical Recovery After Pullback

Market Focus
Jul 20

On July 20, Hua Hong Semiconductor rose 6.49% in regular trading, trading at HK$148.4/share, with turnover of HK$695 million.

On the news front, the semiconductor sector staged a collective rebound following a sustained correction. The stock had previously surged nearly 30% in one week after receiving CSRC approval to issue shares to acquire 97.4988% of Hualii Microelectronics, coupled with Goldman Sachs raising its target price from HK$174 to HK$333 while maintaining a Buy rating. Since July 10, however, the Hong Kong-listed shares had pulled back over 30% from their highs amid sector-wide profit-taking.

Within the Semiconductor sector, peers exhibited broad strength: Montage Technology up 8.78%, GigaDevice up 6.0%, SMIC up 4.43%, and Iluvatar CoreX up 2.08%, with sector linkage effects driving technical recovery across individual names.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10