🔴 7US.MU is trading 8.9% down today in a pullback following a rally on H-share approval and robot orders

7US.MU is trading 8.9% down today at $10.95, pulling back after a sharp rally earlier in the week driven by Ubtech Robotics’ H-share full circulation approval.

• The decline follows a surge of as much as 17.9% in Hong Kong-listed shares after the CSRC confirmed the filing for full circulation.
• Investor sentiment was previously bolstered by the announcement that the company secured orders for 13,000 robots.
• Current price action appears to be a normalization following the recent spike in valuation and high volatility.