Hong Kong Stock Movement: GIGADEVICE's listing triggers market frenzy, with stock price soaring 10.33%! The semiconductor industry welcomes substitution opportunities

Hong Kong Stock Movement GIGADEVICE rose 10.33%. Based on recent key news: On January 19, GIGADEVICE was officially listed on the Hong Kong Stock Exchange, attracting significant investor attention and driving up the stock price. The listing news enhanced market confidence in the company, leading to a substantial increase in stock price. On January 21, GIGADEVICE recorded a large pre-market transaction, with the transaction price 0.75% lower than the previous closing, but the overall market held an optimistic view on its future performance, pushing the stock price up. On January 21, CITIC Securities research report pointed out that geopolitical friction provides a window for domestic semiconductors, with rising prices of memory chips driving explosive performance in related companies. GIGADEVICE, as a memory chip company, benefits significantly. The semiconductor industry benefits from the logic of domestic substitution. Stocks with High Trading Volume in the Industry SMIC rose 0.87%. Based on recent news, On January 19, iFAST Global Markets Vice President Wen Gangcheng stated that SMIC is supported by mainland policies, with ideal technical trends, making it a top choice for the short to medium term. This positive evaluation boosted the stock price. On January 20, the Pudong New Area People's Government Office released the "Work Plan for Promoting the Construction of Zhangjiang Artificial Intelligence Innovation Town," proposing to promote cooperation between edge-side artificial intelligence models and terminal enterprises, and to drive the research and development of high-performance artificial intelligence chips. This favorable policy news further boosted SMIC's stock price. Positive policies for the artificial intelligence and chip industry. Huahong Semiconductor rose 4.17%. Based on recent key news: On January 20, Huahong Semiconductor faced multiple regulatory approvals, including whitewashing exemptions and consent for special transactions, as well as high voting thresholds for independent shareholders, increasing execution risks. Analysts gave it a hold rating with a target price of HKD 109, influencing the stock price increase. On January 21, Yongqiang Technology collaborated with leading customers in the industry chain to form a closed-loop ecological system, promoting strategic transformation in the field of high-end electronic information interconnection materials for integrated circuits, driving up the stock prices of related companies. On January 20, Kangxin New Materials plans to acquire 51% equity in Yubang Semiconductor for HKD 392 million, becoming a controlling subsidiary and included in the consolidated financial statements, increasing market confidence. The semiconductor industry continues to grow, with significant capital inflows. InnoCare fell 3.67%. Based on recent key news: On January 20, Inventec announced that its capital expenditure in 2026 will double to over USD 1 billion, mainly for capacity expansion and land acquisition for construction. This move indicates strong market demand for its products, which may impact related supply chain companies, leading to fluctuations in InnoCare's stock price. Source: Zhitong Finance. The Hong Kong and US stock markets have recently experienced increased volatility, requiring attention. Stocks with High Market Capitalization in the Industry Omnivision Technologies rose 1.49%. No significant news recently; trading is active, with clear capital flows. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation. no_news