On September 11, HUA HONG GRACE fell 3.27% in regular trading, trading at 109.1 HKD/share, with turnover of approximately 111 million HKD. The stock had already plunged 8.43% in the prior session, indicating significant short-term selling pressure.

On the news front, the company previously announced plans to invest 69.5 billion USD in the Wuxi Phase 3 project to build a 12-inch specialty process production line with monthly capacity of 55,000 wafers. The massive capital outlay — with the group contributing approximately 21.27 billion USD — continues to weigh on sentiment, while the outcome of the September 23 extraordinary general meeting remains uncertain. In the first half, the company reported revenue of 1.378 billion USD, up 24.5% year-over-year, and net profit surging 409%, though the strong fundamentals have been overshadowed by capex concerns.

The broader semiconductor sector traded lower, with SMIC down 2.05%, GIGADEVICE down 3.82%, MONTAGE TECH down 3.48%, and BIREN TECH down 3.47%, amplifying sector-wide selling pressure.

(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.)