HK Stock Market Move | Storage concept stocks rise, Montage Technology (06809) up more than 7%, GigaDevice Semiconductor Inc. (03986) up more than 3%.

Storage concept stocks rise, as of the time of writing, Montage Technology (06809) is up 7.23% at HKD 177.9; GigaDevice Semiconductor Inc. (03986) is up 3.06% at HKD 377; In addition, leveraged ETFs linked to Korean chip leaders surged, with double long positions in SK Hynix (07709) up 18.92% and double long positions in Samsung Electronics (07747) up 13.51%. On the news front, on March 10, the Korean market rebounded strongly, with SK Hynix and Samsung Electronics stock prices both rising more than 10% at one point. In addition, the global AI investment craze is driving a surge in storage demand, exacerbating the imbalance between supply and demand in the NAND market. Recent reports indicate that Samsung Electronics plans to set the price increase for its main NAND products in the second quarter at a level similar to that of the first quarter of this year. It is reported that Samsung Electronics raised NAND prices by 100% in the first quarter, with DRAM prices also increasing by 100%.