Ubtech Robotics is trading at HK$80.80 (-5.00%) extending a multi-day decline. The downturn is primarily driven by: - Market disappointment following the recent launch of its U1 humanoid robot series, with concerns over product capabilities and pricing. - Investor concerns regarding the impending IPO of competitor Unitree, which is expected to erode Ubtech's "scarcity premium" in the humanoid robotics market. - Continued technical selling pressure contributing to the multi-day slide from HK$85.05 on July 10.