HK Stock Market Move | Overnight slump in AMD affects chip stocks, HUA HONG SEMI (01347) fell more than 5%, GigaDevice Semiconductor Inc. (03986) fell more than 4%

Chip stocks across the board are falling. As of the time of writing, HUA HONG SEMI (01347) fell 5.37% to 96.9 Hong Kong dollars; GigaDevice Semiconductor Inc. (03986) fell 4.34% to 291.2 Hong Kong dollars; Semiconductor Manufacturing International Corporation (00981) fell 3.85% to 66.1 Hong Kong dollars; SHANGHAI FUDAN (01385) fell 3.76% to 46.08 Hong Kong dollars. In terms of news, Advanced Micro Devices (AMD) fell 17.31% on Wednesday, marking the largest single-day drop since May 2017. AMD's fourth-quarter report for the 2025 fiscal year showed that revenue in the fourth quarter of last year reached a record high of over 10 billion USD, with a year-on-year growth rate of over 30%. Although EPS profit growth slowed down compared to analyst expectations, it was still up nearly 16%. However, some analysts believe that while AMD reported better-than-expected revenue and profit performance, its first quarter guidance fell short of expectations. Following the sharp decline in AMD, the overnight "storage four giants" also collectively fell, with SanDisk falling 15.95% and Micron Technology falling 9.55%. On February 5, the Japanese and South Korean stock markets opened lower, with chip stocks following the overnight decline in US technology stocks. Samsung Electronics and SK hynix both fell by over 4%. In addition, SoftBank Group's stock price plummeted by over 6%.