On August 21, HUA HONG GRACE rose 3.04% in regular trading, trading at HK$115.0/share, with turnover of HK$837 million. The stock rebounded after consecutive sharp declines in prior sessions that saw cumulative losses exceeding 20%.
On the news front, Samsung Electronics raised prices for some advanced wafer foundry new orders by up to 15%. TrendForce estimates that the mature-process price increase effect will extend into next year, signaling a clear industry upcycle. The semiconductor sector broadly strengthened, with ILUVATAR COREX up 5.45% and BIREN TECH up 6.23%.
The rebound comes after the stock was heavily sold off following its Q3 revenue guidance of US$770-780 million, which significantly missed the market consensus of US$822.3 million. Additional pressure came from OpenAI's widening losses and decision to slow frontier model development, which triggered concerns over AI chip demand. Bank of America reiterated its Underperform rating citing stretched valuations, while northbound funds continued to sell AI hardware names in recent sessions.
(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.)