Tuya Smart (09903) fell as much as 10.0% to HK$345.2, a one-month low, and was last down 9.6% at HK$346.8, according to ETNet.

The stock broke below its 10-day moving average of HK$380.52. It traded 3.0891 million shares worth HK$112.2 million, with a net active sell amount of HK$317 million. The share has declined for two straight sessions, bringing the cumulative loss to 13.8%.