On July 8, Iluvatar CoreX (09903.HK) fell 7.32% in regular trading, trading at 542.5 HKD/share, with turnover of HKD 310 million.

On the news front, the company's first batch of cornerstone investor lock-up shares officially unlocked today, involving approximately 4.3% of total issued shares. Morgan Stanley and Goldman Sachs have both warned that the Hong Kong IPO lock-up expiry wave will intensify selling pressure. Historical data shows related stocks typically decline 4% to 7% within three to six months following lock-up expiry. Goldman Sachs estimates approximately USD 274 billion worth of restricted shares will enter circulation in Hong Kong over the next 12 months, a record high.

Additionally, ongoing market concerns about computing power oversupply continue to weigh on semiconductor sector sentiment. The stock has now retreated over 38% from its all-time high of 887.50 HKD reached on June 25, with profit-taking pressure persisting. Notably, the broader semiconductor sector diverged today, with SMIC up 3.54%, Hua Hong up 5.06%, and Biren Tech up 3.96%.

(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.)