Movement Alert|Manycore Tech Falls 5.23% in Regular Trading, US Stock Crash Ripples Continue to Drag HK AI Concept Stocks

Market Focus
Jun 10

On June 10, Manycore Tech declined 5.23% in regular trading, trading at 14.85 HKD/share, with trading volume of 15.93 million HKD.

On the news front, US markets suffered a severe selloff last Friday, with the Nasdaq plunging 4.18%. Semiconductor and AI stocks bore the heaviest losses — NVIDIA fell 6.20%, Intel dropped 11.28%, and Micron Technology plunged 13.25%. The Philadelphia Semiconductor Index tumbled over 10% in a single session, marking the most violent tech selloff since April 2025. Panic rapidly transmitted to Asia-Pacific markets, with Korea's KOSPI triggering circuit breakers after plunging over 8%.

Hong Kong AI concept stocks have remained under sustained pressure. Manycore Tech has accumulated over 35% in losses over the past month, with its share price approaching the 52-week low. Within the Application Software sector, Horizon Robot-W fell 5.35%, SenseTime-W dropped 5.19%, and Kingdee International declined 4.64%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10