On July 28, HUA HONG GRACE fell 3.43% in regular trading, trading at 144.4 HKD/share, with turnover of HKD 1.413 billion.

On the news front, ChangXin Technology officially debuted on the STAR Market in the prior trading session, opening up over 471% with a total market capitalization reaching 3.31 trillion yuan, making it the highest-valued company on A-shares. The market is concerned that this mega IPO is diverting funds away from existing technology stocks, as institutions preemptively reduce holdings in liquid semiconductor leaders to allocate to ChangXin, intensifying short-term selling pressure across the sector. Peers including GigaDevice fell 12.97%, Montage Technology fell 10.12%, and Iluvatar CoreX fell 9.05%.

Additionally, HUA HONG GRACE had previously experienced extreme volatility — after hitting the 20% daily limit on July 21, the stock entered consecutive sharp pullbacks. Leveraged capital has continued to exit, with net margin repayment exceeding 600 million yuan, and short-term selling pressure remains incompletely absorbed.

(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.)