Hong Kong's AI hardware supply chain got hammered pretty badly today. $VGT(02476.HK) fell -12%, $FIT HON TENG(06088.HK) dropped over nine percentage points, with PCB and precision assembly—the more volatile segments—leading the decline; $KB LAMINATES(01888.HK) and $SICC(02631.HK) both fell 4-5 percentage points, $INNOSCIENCE(02577.HK) dipped slightly; only $HUA HONG GRACE(01347.HK) bucked the trend with a slight gain. The AI computing hardware chain had risen a lot recently. With this wave of Fed hawkishness + Hong Kong market risk-off, the high-beta components got hit first 😪

$HUA HONG GRACE(01347.HK) follows a foundry logic, different from the pure hardware price increase narrative, so it didn't follow the sell-off today.