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Hong Kong Storage Stocks Plunge Up to 30% as Hang Seng Tech Rises 0.61%

2026-07-28 08:16:36

HK500.47%

SK Hynix-14.64%

Samsung Electronics-13.38%

GIGADEVICE-17.36%

According to Bitget, at Hong Kong market close on July 28, the Hang Seng Index rose 0.41% while the Hang Seng Tech Index gained 0.61%. However, storage stocks suffered significant declines, with leveraged plays on SK Hynix falling 30% and Samsung Electronics down over 26%. Chip design stocks also retreated, including GigaDevice down 17% and Montage Technology dropping over 13%. AI model leaders and PCB stocks declined as well, with Zhipu AI off 18% and Buildtop PCB down 16%.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

Hong Kong Stocks Close Higher, Hang Seng Index Up 0.41%, Lao Pu Gold Falls 23.5%

SK Hynix Stock Falls 14%, Samsung Drops 13% on July 28

Hang Seng Index Turns Negative Intraday, Lao Pu Gold Plunges Over 20% on July 28

Hong Kong Stock Market Opens: Hang Seng Index Up 0.26%, Tech Index Up 0.64%

In-Depth Analysis

Samsung and SK Hynix Stocks Plunge Over 13% on CXMT Oversupply Fears

Lucas Bennett2h ago

Samsung Electronics and SK Hynix Stocks Drop Over 8% on US Chip Weakness

Lucas Bennett4h ago

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