--- title: "Hong Kong stock movement: ILUVATAR COREX rises 13.79%, with clear capital flow; can market sentiment be sustained?" type: "News" locale: "en" url: "https://longbridge.com/en/news/282477441.md" description: "ILUVATAR COREX rose 13.79%; Semiconductor Manufacturing International Corporation (SMIC) fell 1.97%, with a transaction volume of HKD 1.156 billion; Hua Hong Semiconductor fell 2.34%, with a transaction volume of HKD 518 million; Zhaoyi Innovation rose 2.91%, with a transaction volume of HKD 419 million; Montage Technology rose 7.02%, with a market capitalization of HKD 260.8 billion" datetime: "2026-04-13T02:52:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282477441.md) - [en](https://longbridge.com/en/news/282477441.md) - [zh-HK](https://longbridge.com/zh-HK/news/282477441.md) --- # Hong Kong stock movement: ILUVATAR COREX rises 13.79%, with clear capital flow; can market sentiment be sustained? **Hong Kong Stock Movement** ILUVATAR COREX rose 13.79%, with no significant news recently. Trading is active, and 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** Semiconductor Manufacturing International Corporation (SMIC) fell 1.97%. Based on recent key news: 1. On April 11, the U.S. Congress promoted the MATCH Act, limiting China's semiconductor manufacturing capabilities. Bernstein analysts pointed out that this act may lead to companies like SMIC facing difficulties in equipment maintenance, affecting their production capacity. Source: Investing.com 2. On April 10, chip stocks generally rose, with SMIC increasing by 3.86%. The global memory chip industry's profit growth and Samsung Electronics' significant performance boost drove market sentiment. Source: Zhitong Finance 3. On April 10, the Hang Seng Tech Index performed well, with SMIC's weekly increase reaching 14.22%. Positive sentiment towards tech stocks drove the stock price up. Source: Economic Information Daily. The semiconductor industry faces policy risks and requires attention. Huahong Semiconductor fell 2.34%. Based on recent key news: 1. On April 11, the U.S. Congress promoted the MATCH Act, posing a significant threat to China's semiconductor industry. This act may limit China's advanced chip manufacturing capabilities and prohibit U.S. engineers from maintaining equipment, leading to a decline in Huahong Semiconductor's stock price. Source: Investing.com 2. On April 10, Huahong Semiconductor was one of the best-performing components of the Hang Seng Tech Index, with a weekly increase of 15.94%. However, overall market volatility led to a price correction. Source: Economic Information Daily 3. On April 10, the global memory chip industry's profits surged, with Samsung Electronics' first-quarter operating profit skyrocketing over eight times, driving chip stocks higher across the board. Huahong Semiconductor rose 2.86% but then experienced a correction. Source: Zhitong Finance. The semiconductor industry faces policy risks, and market volatility is evident. GigaDevice Semiconductor rose 2.91%. Based on recent key news: 1. On April 9, GigaDevice shareholders transferred stocks from Citibank to Goldman Sachs, with a transfer market value of HKD 405 million, accounting for 3.33%. This move may reflect investors' confidence in the company's future performance. 2. On April 13, GigaDevice's subsidiary, Qingyun Technology, entered the mass production stage for its customized storage solutions project, which is expected to bring revenue growth to the company. In the context of high industry prosperity, the market holds an optimistic view on the company's continuous performance growth. 3. Recently, GigaDevice's dynamic price-to-earnings ratio reached as high as 112 times, with market expectations for the company's high growth performance driving the stock price up. The storage industry is prosperous, and domestic expansion is strong. **Stocks Ranked High in Industry Market Capitalization** Lanqi Technology rose 7.02%, with a market capitalization reaching HKD 260.8 billion, and no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation ### Related Stocks - [09903.HK](https://longbridge.com/en/quote/09903.HK.md) ## Related News & Research - [Shanghai Iluvatar CoreX Unveils New H Share Incentive Scheme](https://longbridge.com/en/news/281032444.md) - [Silver coins vs. silver bars: Which is better for investing?](https://longbridge.com/en/news/284426140.md) - [Update on Company’s 3-for-1 Stock Split | QBAK Stock News](https://longbridge.com/en/news/284416297.md) - [This unloved chip stock is finally joining the rally. Better late than never.](https://longbridge.com/en/news/284594810.md) - [U-Haul Offers 30 Days Free U-Box Storage after Tornado Hits Enid | UHAL Stock News](https://longbridge.com/en/news/284058463.md)