On June 8, Hua Hong Semiconductor fell 5.99% in regular trading, trading at 138.9 HKD/share, with trading volume of 936 million HKD.

The decline was primarily driven by a massive overnight selloff in US chip stocks. The Philadelphia Semiconductor Index plunged over 10% in a single session, marking its worst daily drop since the COVID-induced panic in March 2020. The two-day rout wiped out approximately $1.3 trillion in market capitalization across the global chip sector. Broadcom triggered the initial selloff after its AI chip revenue guidance fell short of elevated market expectations, with its stock tumbling nearly 20% over two days. Additionally, stronger-than-expected US employment data reinforced concerns about the Federal Reserve maintaining higher interest rates, further pressuring growth-sensitive technology stocks.

Within the Semiconductor sector, SMIC fell 2.51%, Montage Technology fell 3.47%, and GigaDevice fell 3.94%, while Iluvatar CoreX rose 8.78% and Biren Technology gained 4.12%.

(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.)