Memory Sector Stocks Rally in Hong Kong Market

Stock News03-10

Memory-related stocks advanced in Hong Kong trading. At the time of writing, MONTAGE TECH (06809) rose 7.23% to HK$177.9, while GIGADEVICE (03986) gained 3.06% to HK$377. Additionally, leveraged ETFs tracking South Korean chip leaders surged sharply. The 2x Long SK Hynix ETF (07709) jumped 18.92%, and the 2x Long Samsung Electronics ETF (07747) climbed 13.51%. Market sentiment was lifted by a strong rebound in South Korean equities on March 10, where both SK Hynix and Samsung Electronics saw intraday gains exceeding 10%. The global AI investment boom continues to drive a sharp increase in memory demand, exacerbating supply-demand imbalances in the NAND market. Recent reports indicate that Samsung Electronics plans to raise prices for key NAND products in the second quarter by a margin similar to the increases seen in the first quarter. It is reported that Samsung raised NAND prices by 100% and DRAM prices by 100% in the first quarter.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment