HK Stock Market Move | GigaDevice Semiconductor Inc. (03986) rises over 7%, set to release Q3 results tomorrow; Changxin included in the SSE Composite Index as the largest weighted stock

GigaDevice Semiconductor Inc. (03986) rose over 7% in morning trading. As of press time, it was up 6.85% at HK$349.2, with turnover of HK$484 million. On the news front, GigaDevice Semiconductor Inc. announced that it had cumulatively repurchased 3.0086 million shares through centralized bidding, representing 0.43% of total share capital, with a total amount paid of RMB1.115 billion. In addition, GigaDevice Semiconductor Inc. will release its third-quarter results on October 29. It is worth noting that, according to the website of China Securities Index Co., CXMT Corporation has been included in the SSE Composite Index with a weight of 4.67%, currently the largest weighted stock in the index. Public information shows that CXMT Corporation is both GigaDevice Semiconductor Inc.'s most significant equity investment and an important procurement and foundry partner for its DRAM products, and the chairmen of both companies are Zhu Yiming.