Hong Kong Stock Moves: SG Micro Corp Plunges Over 10% to Record Low, Joins Stock Connect List Today

Stock News07-24

SG Micro Corp (03661) has dropped more than 10%, with its share price hitting a low of HK$85 during trading, setting a new record low since its listing. As of the latest update, the stock was down 10.84% at HK$88, with a turnover of HK$18.22 million.

On the news front, both the Shanghai and Shenzhen stock exchanges issued announcements stating that, in accordance with relevant regulations, the list of eligible securities for the Stock Connect program has been adjusted, effective from July 24, 2026. The adjustment includes the addition of SG Micro Corp (03661) to the list.

In the analog integrated circuit market, overseas giants such as Texas Instruments and Analog Devices dominate the global analog chip market due to decades of technological accumulation, a portfolio of tens of thousands of products, and a global customer base. SG Micro Corp, with its 2025 revenue ranking eighth globally and first in China, leads the domestic market but holds only a 1.8% share of the global market. The top-ranked company in the sector commands a market share of 9.8%.

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