HK Stock Market Move | Memory chip sector falls across the board: GigaDevice Semiconductor Inc. (03986) drops over 7%, Montage Technology (06809) falls nearly 6%.

Memory concept stocks fell collectively. As of press time, GigaDevice Semiconductor Inc. (03986) dropped 7.24% to HK$399.8; Montage Technology (06809) fell 5.77% to HK$274.2; CSOP Samsung Electronics Daily Max (2x) Leveraged Product (07747) declined 5.2% to HK$74.02. On the news front, TrendForce research shows that DRAM memory overall maintained a supply-demand imbalance in the fourth quarter, but contract price increases slowed. Notably, the market is broadly concerned that storage manufacturers' continuous capacity expansion will increase long-term supply and weigh on chip prices. In addition, Samsung Electronics' latest earnings report shows: third-quarter sales of 195 trillion won, versus an estimate of 201.9 trillion won; third-quarter operating profit of 107.4 trillion won, versus an estimate of 108.67 trillion won, both below expectations.