Movement Alert|LUXSHARE ICT Falls 3.23% in Regular Trading, Post-Apple Launch Profit-Taking Pressure Emerges

Market Focus
13 hours ago

On September 10, LUXSHARE ICT fell 3.23% in regular trading, trading at HK$60.25/share, with turnover of HK$11.03 million.

On the news front, Apple's autumn launch event concluded in the early hours of September 10 Beijing time, unveiling the iPhone 18 Pro/Pro Max, the foldable iPhone Duo, and AirPods 5. Core product pricing and release schedules largely aligned with market expectations, triggering a classic buy-the-rumor-sell-the-news pattern. Apple's U.S.-listed shares slid as much as 1.5% during trading.

LUXSHARE ICT had rallied over 3% across the two preceding sessions as markets front-ran the launch event. Citigroup had forecast the company would secure approximately 33% of iPhone 18 Pro/Pro Max production allocation, up from 27% in the prior generation. Goldman Sachs recently initiated coverage on the H-share with a Buy rating and a 12-month target price of HK$93.2. With the event now behind the market, short-term funds moved to lock in gains, driving the pullback.

(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