Movement Alert｜Montage Technology Falls 3.71% in Regular Trading, Semiconductor Sector Extends Last Friday Sharp Sell-Off with Storage Names Under Pressure

Market Focus

Jul 13

On July 13, Montage Technology fell 3.71% in regular trading, trading at 341.4 HKD/share with turnover of HKD 344 million. The decline extends the sharp sell-off from the previous trading day (July 10), when the HK semiconductor sector experienced a broad afternoon collapse that sent Montage Technology H-shares down 8.70%, with intraday losses exceeding 10% and multiple block sales indicating concentrated selling pressure.

Market sentiment has not recovered following the weekend, with the sector adjustment carrying into the new week. Divergence within the sector is evident — SMIC rose 2.39% and Iluvatar CoreX gained 1.62%, while GigaDevice plunged 11.11% and Hua Hong Grace fell 4.10%, reflecting heavy pressure on storage-related names as profit-taking from prior outsized gains continues to unwind.

(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.

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