Movement Alert｜DEEPEXI TECH Falls 5.05% in Regular Trading, Dragged by Broad AI Sector Selloff and Post-Placement Pressure

Market Focus

Aug 24

On August 24, DEEPEXI TECH fell 5.05% in regular trading, trading at HK$33.48/share, with turnover of HK$29.84 million. The stock has now broken decisively below its recent placement price of HK$35.00/share.

The decline comes amid a broad selloff across the Systems Software sector, with AI-related names under heavy pressure. Within the sector, Z.AI fell 8.41%, MINIMAX-W fell 8.64%, HAIZHI TECH GP fell 0.99%, and WENGE AI fell 1.66%, indicating sector-wide risk-off sentiment in AI stocks.

Adding to the downward pressure, the company completed a placement of 14.286 million new H shares at HK$35.00/share on August 17, raising net proceeds of approximately HK$4.88 billion. With the stock now trading 4.3% below that placement price, the overhang from underwater placement investors likely intensified selling. Southbound funds had already reduced holdings by 211,400 shares on August 17. On August 20, main fund net outflows totaled HK$2.20 million as the stock closed at HK$35.12, suggesting institutional selling momentum was building ahead of today's sharper decline.

(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.

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It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01384","symbol_name":"滴普科技","start_time":0,"source_url":"","article_id":"1197896149","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197896149","pubTimestamp":1787551279,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On August 24, DEEPEXI TECH fell 5.05% in regular trading, trading at HK$33.48/share, with turnover of HK$29.84 million. 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