--- title: "Hong Kong Stock Movement: ILUVATAR COREX rises 16.25%, with clear capital flow; can market sentiment be sustained?" type: "News" locale: "en" url: "https://longbridge.com/en/news/285297637.md" description: "ILUVATAR COREX rose 16.25%; Semiconductor Manufacturing International Corporation rose 11.02%, with a transaction volume reaching HKD 8.394 billion; Hua Hong Semiconductor rose 12.69%, with a transaction volume reaching HKD 2.284 billion; Zhaoyi Innovation rose 13.95%, with a transaction volume reaching HKD 1.03 billion; Lanqi Technology rose 18.16%, with a market value reaching HKD 398.2 billion" datetime: "2026-05-06T02:17:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285297637.md) - [en](https://longbridge.com/en/news/285297637.md) - [zh-HK](https://longbridge.com/zh-HK/news/285297637.md) --- # Hong Kong Stock Movement: ILUVATAR COREX rises 16.25%, with clear capital flow; can market sentiment be sustained? **Hong Kong Stock Movement** ILUVATAR COREX rose 16.25%, 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 with High Trading Volume in the Industry** SMIC rose 11.02%. Based on recent news, 1. On May 6, SMIC experienced frequent large transactions, with a trading amount reaching HKD 598 million, indicating strong market interest in the stock, driving the price up. 2. On May 4, the net inflow of Hong Kong Stock Connect was HKD 12.192 billion, with SMIC receiving the most inflow at HKD 1.49 billion, showing capital's preference for the stock, further pushing up the price. 3. On May 4, analysts recommended buying SMIC, with a target price of HKD 93.5. Technical indicators show that the stock price has further upside potential, enhancing market confidence. The manufacturing PMI has risen, and the momentum of economic recovery is slowing. Huahong Semiconductor rose 12.69%. Based on recent key news: 1. On May 6, Huahong Semiconductor fell back after reaching a recent high, with the stock price fluctuating at high levels and significant capital inflow. The company's stock price fell back to the HKD 120 level after hitting a new high, indicating increased market confidence in its future performance. Source: LunTan ZhongShi 2. On May 6, Huahong Semiconductor had large transactions exceeding HKD 20 million, showing strong investor interest in the stock. The occurrence of large transactions usually indicates participation from institutional investors, further driving up the stock price. Source: HuiGang TongXun 3. On May 6, the chip industry developed individually, with Huahong Semiconductor recording continuous capital inflow, reflecting optimistic market expectations for the chip industry. The sustainability of capital inflow indicates that investors are optimistic about the long-term prospects of the industry. Source: LunTan ZhongShi Chip Industry Capital Inflow, Market Optimism. GigaDevice rose 13.95%. Based on recent key news: 1. On May 4, GigaDevice disclosed price increases for memory products, with the gross margin in the first quarter rising to 57.08%. The market supply is tight, and prices for niche DRAM products are expected to continue rising, driving the stock price up. Source: JingJi Tong TongXun She 2. On May 4, GigaDevice shareholders transferred stocks from HSBC Hong Kong to Citibank, with a transfer value of HKD 900 million, accounting for 5.78%. This move shows investors' confidence in the company's prospects, further driving up the stock price. Source: ZhiTong CaiJing 3. On May 4, GigaDevice's first-quarter operating revenue increased by 119.38% year-on-year, and net profit increased by 522.79% year-on-year. Strong financial performance has enhanced market confidence, boosting the stock price. Source: ZhiTong CaiJing The memory sector is driven by AI development, with a promising outlook. **Stocks with High Market Capitalization in the Industry** Lanqi Technology rose 18.16%, with a market capitalization of HKD 398.2 billion, and no significant news recently. Trading is active, and capital flow is evident. 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