--- title: "Hong Kong stock movement: Strong AI demand boosts STARPLUS LEGEND by 12.77%, optimistic outlook for probe card market sparks investment frenzy" type: "News" locale: "en" url: "https://longbridge.com/en/news/280089923.md" description: "STARPLUS LEGEND rose 12.77%; Mengniu Dairy fell 3.52%, with a transaction amount of HKD 132 million; WH Group fell 4.23%, with a transaction amount of HKD 128 million; Tingyi (Cayman Islands) Holding Corp fell 2.65%, with a transaction amount of HKD 93.03 million; Muyuan Foods fell 4.52%, with a market value of HKD 246.4 billion" datetime: "2026-03-23T03:02:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280089923.md) - [en](https://longbridge.com/en/news/280089923.md) - [zh-HK](https://longbridge.com/zh-HK/news/280089923.md) --- # Hong Kong stock movement: Strong AI demand boosts STARPLUS LEGEND by 12.77%, optimistic outlook for probe card market sparks investment frenzy **Hong Kong Stock Movement** STARPLUS LEGEND rose 12.77%. Based on recent key news: 1. On March 20, strong AI demand drove the stock prices of related companies up. Institutions expect long-term growth momentum for the probe card sector to be secure, with capacity expansion leading to profit upgrades. Companies like Yingwei, Wangxi, and Yongzhi have shown impressive stock performance, accumulating significant gains. This trend has driven STARPLUS LEGEND's stock price up by 12.77%. 2. On March 19, the ASIC market is rapidly expanding, benefiting related companies. Wangxi benefits from the expansion of the ASIC market and the increased penetration of high-margin MEMS probe cards, with institutions estimating that capacity will break through, further driving stock price increases. 3. On March 18, the expansion of the probe card business has improved company profitability. Yongzhi's probe card business expansion and reduced procurement costs have improved profit margins. Institutions assess that Taiwanese IC design firms are increasing their layout in the AI ASIC field, driving stock price increases. Strong AI demand presents an optimistic industry outlook. **Stocks with High Trading Volume in the Industry** Mengniu Dairy fell 3.52%. Based on recent key news: 1. On March 22, New Dairy released its 2025 annual report, showing a 5.33% increase in operating revenue and a 35.98% increase in net profit. Despite good performance, market concerns about the overall outlook for the dairy industry may have affected Mengniu Dairy's stock performance. Source: People's Financial News 2. On March 21, the rapid growth of the electrolyte water market has intensified competition in the beverage industry, with the layout of leading brands like Nongfu Spring potentially putting pressure on Mengniu Dairy's market share. Source: Securities Daily 3. On March 20, New Dairy's A+H listing has promoted the capitalization level of the dairy industry, which may lead to market doubts about Mengniu Dairy's capital operation capabilities. Source: Industry Perspective on Dairy Capitalization Improvement, intensified competition, and the need to pay attention to risks. WH Group fell 4.23%. Based on recent news, 1. On March 20, China's National Development and Reform Commission stated that it would timely adjust pork reserves. This news has raised market concerns about pork price fluctuations, leading to a 4.23% drop in WH Group's stock price. Concerns about pork price fluctuations have increased. Master Kong Holdings fell 2.65%, with a trading volume of HKD 93.03 million, and no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Market Capitalization in the Industry** Muyuan Foods fell 4.52%. Based on recent news: 1. On March 20, the National Development and Reform Commission and the Ministry of Agriculture and Rural Affairs held a symposium, pointing out that pig prices have fallen and have entered the first-level warning zone for excessive decline, and began central frozen pork reserve storage, forming a regulatory synergy. This news has intensified market concerns about pig prices, leading to a drop in Muyuan Foods' stock price. 2. On March 17, Pandanus Associates Inc. reduced its holdings in Muyuan Foods by 1.275 million shares at a price of HKD 45.579 per share, totaling approximately HKD 58.1132 million The latest shareholding ratio after the reduction is 8.86%. This reduction has raised market concerns about the company's future performance, leading to a decline in stock prices. Since March, the domestic live pig market has experienced oversupply and weak demand, resulting in a continuous drop in live pig prices, while the feed costs for enterprises have been rising steadily, plunging the industry into deep losses. The policy side has begun to release "bottom-line" signals, but it is difficult to change the oversupply situation in the short term, putting pressure on the stock price of Muyuan Foods. The live pig industry is facing an imbalance between supply and demand, with prices continuing to decline ### Related Stocks - [06683.HK](https://longbridge.com/en/quote/06683.HK.md) ## Related News & Research - [SAS AI Navigator to bring order to AI chaos](https://longbridge.com/en/news/284419261.md) - [What one Big Law firm is doing to eliminate 'AI pilot fatigue'](https://longbridge.com/en/news/284182703.md) - [ChatGPT 4o faithful want their weird little AI friend back. GPT-5.5 is giving them hope.](https://longbridge.com/en/news/284895129.md) - [Baidu's Hidden AI Spinoff Is About To Get Priced: This week's Wolf Pick](https://longbridge.com/en/news/284861531.md) - [Trustpoint Xposure Clients Across Law, Medicine, Finance and Tech Report Measurable Gains in AI Search Citations and Inbound Credibility](https://longbridge.com/en/news/284913613.md)