🔴 3119.HK is trading 7.1% down today as semiconductor stocks correct after an extended AI-driven rally

3119.HK is trading at HK$158.50, down 7.1%, tracking a steep correction in semiconductor stocks after an extended AI-driven rally.

• Profit-taking and concerns over stretched valuations have hit the broader chips complex, with the SOXX index dropping over 9%.
• Risk sentiment has turned cautious amid pre-earnings jitters for major global chipmakers, dragging Asia-focused semiconductor exposures lower.