Movement Alert|NOVOSENSE Falls 5.84% in Regular Trading, Lingering Selling Pressure from Global Chip Selloff as Peers Rebound

Market Focus
Jun 29

On June 29, NOVOSENSE (02676.HK) fell 5.84% in regular trading, trading at HK$185.0/share, with turnover of HK$41.68 million.

The decline extends the aftermath of the June 26 global chip selloff triggered by Apple's price hike announcement due to memory chip shortages and reports that OpenAI may delay its IPO to next year. On that day, South Korea's KOSPI index plunged over 8% intraday triggering a circuit breaker, Samsung Electronics and SK Hynix fell approximately 9%, and NOVOSENSE tumbled 12.62%.

Notably, the current session shows clear sector divergence. Within the Semiconductor sector, GigaDevice rose 4.89%, Montage Technology gained 3.33%, and HUA HONG GRACE advanced 1.48%, indicating most peers have stabilized and rebounded. However, NOVOSENSE continues its downtrend, suggesting concentrated individual-stock selling pressure persists despite broader sector recovery.

(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.)

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