On June 8, GigaDevice (03986.HK) fell 4.56% in regular trading, trading at 682.0 HKD/share, with trading volume of HKD 162 million.
On the news front, the semiconductor sector extended its decline from the prior week, as Broadcom plunged over 12% after reporting AI chip revenue guidance that missed market expectations. The Philadelphia Semiconductor Index dropped over 5%, triggering a global chip stock selloff that continued to spread into Asian markets. Last Friday, Hong Kong-listed storage and chip stocks had already suffered a broad rout, with GigaDevice falling over 6% intraday. Selling pressure remained unabated at the start of this week.
Within the Semiconductors sector, peers declined broadly: HUA HONG SEMI fell 6.88%, MONTAGE TECH fell 4.5%, SMIC fell 4.1%, while ILUVATAR COREX rose 5.85% and BIREN TECH gained 2.69%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)