Semiconductor stocks continue to be under pressure, ASMPT (00522.HK) was downplayed by major banks after the quarterly report. After a 23% plunge yesterday (24th), it opened at a low of 1.36% today (25th), dropping to a new low since February this year at 81.1 yuan, currently at 81.7 yuan, down 7.16%, with a turnover of 2.005 million shares, involving 0.165 billion yuan.

HSBC research lowered ASMPT's target price from 106 yuan to 99 yuan and maintained a "hold" rating. The bank believes that SMT orders have approached the bottom but due to the limited short-term upward space for TCB business, there is still uncertainty about the recovery; Lyon downgraded ASMPT to "hold" and lowered the target price to 80 yuan; however, Deutsche Bank estimates that there may be a seasonal recovery in the fourth quarter and maintains a "shareholding" rating, as the sell-off of shares may attract market opportunities.

Other semiconductor stocks also fell, with Hua Hong Semiconductor (01347.HK) at 20.1 yuan, down 5.63%; Semiconductor Manufacturing International Corporation (00981.HK) at 16.56 yuan, down 3.38%; Shanghai Fudan (01385.HK) at 11.56 yuan, down 2.2%.