On August 24, BIREN TECH fell 3.29% in regular trading, trading at 36.48 HKD/share, with turnover of approximately 42.76 million HKD.

The decline was driven by a broad semiconductor sector selloff. The Philadelphia Semiconductor Index recently plunged over 6%, with SK Hynix ADR falling 9.20% and Micron Technology down 7.02%, triggering sustained selling pressure across Asia-Pacific chip stocks. Within the Semiconductors sector, stocks declined broadly, with SMIC down 3.03%, GIGADEVICE down 3.58%, MONTAGE TECH down 3.24%, ILUVATAR COREX down 3.17%, and HUA HONG GRACE down 1.83%.

Additionally, BIREN TECH is scheduled to hold a board meeting on August 28 to review interim results, and market participants appear to be adopting a wait-and-see stance ahead of the earnings window. The company previously guided first-half revenue of 1.15 billion to 1.30 billion yuan, representing growth of over 18 times year-on-year, with losses narrowing 75%-80%.

(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.)