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.
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