--- title: "Hong Kong stock movement: VGT fell by 10.74%, with increased capital activity and volatility, reasons to be observed" type: "News" locale: "en" url: "https://longbridge.com/en/news/294164259.md" description: "VGT fell 10.74%; Kingboard Laminates fell 7.71%, with a transaction amount of HKD 3.354 billion; Kingboard Group fell 3.03%, with a transaction amount of HKD 1.432 billion; Sunny Optical Technology rose 3.10%, with a transaction amount of HKD 1.021 billion; Luxshare Precision rose 3.15%, with a market value of HKD 455.8 billion" datetime: "2026-07-29T06:51:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294164259.md) - [en](https://longbridge.com/en/news/294164259.md) - [zh-HK](https://longbridge.com/zh-HK/news/294164259.md) --- # Hong Kong stock movement: VGT fell by 10.74%, with increased capital activity and volatility, reasons to be observed **Hong Kong Stock Movement** Victory Giant Technology, down 10.74%, 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** Kingboard Laminates fell 7.71%. Based on recent key news: 1. On July 28, PCB concept stocks plummeted across the board, with Kingboard Laminates down 13.64%. Nvidia is advancing a new round of AI infrastructure deals, and market concerns about refinancing risks have intensified, leading to a general decline in PCB industry stock prices. Source: Zhitong Finance 2. On July 28, the wave of expansion in the PCB industry raised market concerns. There is a lack of high-end capacity in the industry, with new capacity concentrated in the mid-to-low end, leading to a decline in market confidence in the industry's prospects. Source: Securities Times 3. On July 28, market expectations for AI capital expenditures were adjusted. Google reported negative cash flow in the second quarter, and the market is gradually correcting previously overly optimistic expectations for AI capital expenditures, affecting the performance of related industry stocks. Source: Zhitong Finance The wave of expansion in the PCB industry has raised market concerns. Kingboard Group fell 3.03%. Based on recent news, 1. On July 28, the PCB concept plummeted across the board, with Kingboard Group's stock price down 9.75%. Nvidia is advancing a new round of AI infrastructure deals, and refinancing risks have drawn market attention, leading to a general decline in PCB industry stocks. 2. On July 28, market expectations for AI capital expenditures were gradually corrected, and the wave of expansion in the PCB industry has led to a lack of high-end capacity and an oversupply of low-end capacity, posing a risk of polarization for the industry, affecting Kingboard Group's stock price. 3. On July 27, trading volume in Hong Kong stocks decreased, with weak buying interest, and the Hang Seng Index bear certificate heavy zone was not attacked, leading to a gloomy market sentiment, putting pressure on Kingboard Group's stock price. The wave of expansion in the PCB industry and the correction of AI capital expenditure expectations. Sunny Optical Technology rose 3.10%, with a transaction volume of HKD 1.021 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. **Stocks Ranked High in Industry Market Capitalization** Luxshare Precision rose 3.15%. Based on recent key news: 1. On July 27, the board of Luxshare Precision decided to uniformly adopt Chinese accounting standards for financial reporting, aiming to improve the consistency of financial reports and reduce compliance costs. This move has no significant impact on performance or financial condition. Source: Economic Information Daily 2. On July 27, BOC International initiated coverage of Luxshare Precision's H shares with a "Buy" rating and a target price of HKD 78.3. The company's business development in AI communications, data centers, and automotive electronics is significant, and revenue and net profit are expected to grow substantially in the coming years. Source: BOC International 3. On July 21, Bank of New York Mellon significantly reduced its holdings in Luxshare Precision's H shares, with the shareholding ratio dropping from 11.28% to 3.36%, putting pressure on the stock price Source: Market Observation AI Opportunities in Communication and Automotive Electronics Are Significant ### Related Stocks - [02476.HK](https://longbridge.com/en/quote/02476.HK.md) - [01888.HK](https://longbridge.com/en/quote/01888.HK.md) - [00148.HK](https://longbridge.com/en/quote/00148.HK.md) - [02382.HK](https://longbridge.com/en/quote/02382.HK.md) - [02475.HK](https://longbridge.com/en/quote/02475.HK.md) ## Related News & Research - [Victory Giant Technology Plans New 2026 Share Incentive and ESOP Schemes](https://longbridge.com/en/news/293230532.md) - [Billionaire Steve Cohen Is Buying This Overlooked Stock While Dumping Big Tech](https://longbridge.com/en/news/294601586.md) - [Elon Musk Net Worth Drops by $600 Billion in One Month, But He Could Still Buy Every NFL, NBA, MLB and NHL Team and Pocket $172 Billion](https://longbridge.com/en/news/294084082.md) - [Herbs Generation Group files board, board committee member list with disclosure roles](https://longbridge.com/en/news/294603627.md) - [Time Interconnect Technology files HKEX next-day disclosure return, share capital rises by 30,000 shares](https://longbridge.com/en/news/294338803.md)