---
title: "Hong Kong Stock Movement: ILUVATAR COREX falls 10.15%, is the inclusion of Hengke a positive that has been realized? Performance doubts drag down stock price"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296746502.md"
description: "ILUVATAR COREX fell 10.15%; Semiconductor Manufacturing International Corporation fell 8.14%, with a transaction amount reaching HKD 7.234 billion; Hua Hong Semiconductor fell 5.40%, with a transaction amount reaching HKD 3.04 billion; Gigadevice Semiconductor fell 5.73%, with a transaction amount reaching HKD 863 million; Montage Technology fell 7.21%, with a market value of HKD 307.8 billion"
datetime: "2026-08-24T06:47:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296746502.md)
  - [en](https://longbridge.com/en/news/296746502.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296746502.md)
generator: "portal-rs"
---

# Hong Kong Stock Movement: ILUVATAR COREX falls 10.15%, is the inclusion of Hengke a positive that has been realized? Performance doubts drag down stock price

**Hong Kong Stock Movement**

ILUVATAR COREX fell 10.15%. Based on recent key news:

1.  On August 21, the Hang Seng Index Company announced that ILUVATAR COREX was included in the Hang Seng Tech Index. This move marked the recognition of ILUVATAR COREX's core position in the AI computing infrastructure field, driving a short-term rise in stock prices, but profit-taking followed, leading to a price decline.

2.  On August 22, the market expressed concern over whether ILUVATAR COREX could sustain profitability in its interim results. Management's outlook on the main business became a key factor influencing short-term stock price trends, affecting investor confidence.

3.  On August 23, changes in the constituent stocks of the Hang Seng Tech Index triggered changes in the rhythm and scale of passive fund allocation, leading to stock price fluctuations. Hong Kong stocks fell back, and tech stocks performed weakly.

**Stocks with High Trading Volume in the Industry**

SMIC fell 8.14%. Based on recent key news:

1.  On August 21, Reuters reported that Samsung Electronics raised the prices of some advanced wafer foundry service new orders by up to 15%. This news led to mixed developments in chip stocks, with SMIC declining against the trend, fluctuating around HKD 72.

2.  On August 21, the Hong Kong Stock Connect Information Technology Composite Index heavily weighted SMIC, with a total weight exceeding 45%. Although this index supports T+0 trading, SMIC's stock price still failed to benefit, indicating a cautious market attitude towards its short-term performance.

3.  On August 23, China Renaissance analysts maintained a buy rating on SMIC with a target price of HKD 142. However, J.P. Morgan maintained a hold rating on August 16, showing a divergence in analysts' outlooks. The chip industry experienced price fluctuations, and market sentiment remained cautious.

Huahong Group fell 5.40%. Based on recent key news:

1.  On August 21, the Hang Seng Index Company announced the results of its quarterly review, with Huahong Group being included in the Hang Seng Index constituent stocks, increasing the number of constituents from 93 to 95. This news attracted market attention, but the stock price failed to maintain its upward trend and ultimately fell. Source: Zhitong Finance

2.  On August 22, the overall Hong Kong stock market fell below 26,000 points, with the Hang Seng Index down 0.88% and the tech index down over 1.1%. The overall weak market performance affected Huahong Group's stock price. Source: Zhitong Finance

3.  On August 24, Weichai Power fell over 6% after positive news, and after the announcement of changes in the Hang Seng Index constituent stocks, Huahong Group's stock price was also affected, ultimately declining. Source: Zhitong Finance. The overall performance of Hong Kong stocks was weak, and tech stocks were under pressure.

GigaDevice fell 5.73%. Based on recent key news:

1.  On August 21, GigaDevice announced its first share buyback of 247,000 shares, accounting for 0.04% of the total share capital, with a buyback price range of HKD 400.3 to HKD 409.95, totaling HKD 100 million. This move aimed to reduce registered capital, but the market reaction was poor, leading to a decline in stock prices

2.  On August 23, renowned investor Ge Weidong increased his holdings in Zhaoyi Innovation in the second quarter. Despite the positive positioning, it failed to reverse the market's negative reaction to the buyback news, and the stock price continued to decline.

3.  On August 21, Zhaoyi Innovation repurchased shares through a centralized bidding process, with a buyback amount ranging from 1 billion to 2 billion yuan, and a repurchase price not exceeding 750 yuan per share. The market's reaction to the buyback plan was relatively lukewarm, putting pressure on the stock price. There was significant capital inflow in the industrial metals sector, and attention should be paid to volatility risks.

**Stocks Ranked Among the Top in Industry Market Capitalization**

Lanke Technology fell by 7.21%. Based on recent key news:

1.  On August 24, Lanke Technology announced that its PCIe® 6.x/CXL® 3.x Retimer has passed PCI-SIG® certification, becoming an official supplier. This move simplifies the procurement process for large OEM manufacturers and data centers, enhancing its competitiveness in the high-speed interconnect chip market. However, market concerns about its short-term profitability may lead to a decline in stock price.

2.  No other significant news recently. The technology industry is highly competitive, and market volatility has intensified

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**