Hong Kong-listed semiconductor stocks fluctuated and declined, with Tianshu Zhixin (09903.HK) falling more than 10%, Montage Technology (06809.HK) falling more than 8%, Naxin Microelectronics (02676.HK) falling more than 6%, and SMIC (00981.HK), GigaDevice (03986.HK), and Hua Hong Grace (01347.HK) falling more than 5%.