Hong Kong stock movement: DRINDA fell 10.80%, with no significant news but showing volatility. What is causing such market sentiment?

Hong Kong Stock Movement DRINDA, down 10.80%, with no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. Stocks Ranked High in Industry Transaction Volume SMIC, down 4.26%. Based on recent key news: On March 2, SMIC saw multiple large transactions, with a transaction amount exceeding HKD 20 million, indicating increased market attention on the stock. These large transactions may lead to price fluctuations, with transaction prices between HKD 64.70 and HKD 65.00. On March 2, the market for SMIC was active, with a transaction volume reaching HKD 4.417 billion, indicating enhanced capital liquidity, which may have exacerbated the stock price decline. No other significant news recently. The semiconductor industry has been quite volatile lately. Huahong Semiconductor, down 6.24%. Based on recent news, On March 2, Huahong Semiconductor recorded large transactions in pre-market trading, with a transaction volume of HKD 27.5738 million. This large trading volume may lead to price fluctuations and affect market confidence. Recently, market expectations for demand in the semiconductor industry have declined, putting pressure on related stocks. The overall performance of the industry is weak, affecting investor sentiment. Increased uncertainty in the macroeconomic environment has led to a reduced risk appetite for technology stocks among investors, resulting in capital outflows and affecting stock prices. The decline in demand expectations for the semiconductor industry puts pressure on the market. Innosilicon, down 4.65%, with a transaction volume of HKD 576 million, and no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. Stocks Ranked High in Industry Market Capitalization GigaDevice, down 6.56%. Based on recent news, On March 3, GigaDevice announced a deep cooperation with AI cloud platform service provider Tuya Smart. The two parties will leverage their core advantages to promote ecological co-construction in the AI+IoT field, creating a one-stop hardware and software collaborative solution for global developers and customers. The cooperation is based on the GD32 MCU wireless hardware platform, fully equipped with Tuya's TuyaOpen open-source development framework, AI large models, and cloud collaborative solutions. This solution provides users with a complete software protocol stack, convenient networking tools, AI capability integration interfaces, and stable cloud service support, significantly lowering the deployment threshold for IoT device networks and shortening product launch cycles. After the announcement, the market held an optimistic view on the cooperation prospects, but the stock price still declined. On February 28, the National Development and Reform Commission's Price Monitoring Center released a report stating that the prices of storage chips continue to rise and are being passed down to downstream sectors. This news exerts some pressure on GigaDevice's cost structure, which may affect its profitability and lead to stock price pressure. The cooperation prospects in the AI+IoT field are broad, while rising storage chip prices bring cost pressure