---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42851046.md"
description: "$TTM Tech(TTMI.US) rose 10%, $Advanced Semiconductor Engineering(ASX.US) rose by a bit over 8%; US PCB and packaging/testing stocks strengthened following AI server orders. On the Hong Kong side, $HUA HONG GRACE(01347.HK), $DELTON(01989.HK), and $HANS CNC(03200.HK) all dropped by three to four points. For the same semiconductor manufacturing chain, why did HK and US markets move in completely opposite directions? I think it's driven by differences in capital flows—the US market is leveraging up on AI hardware, while HK stocks are dragged down by liquidity and sentiment issues. The fundamentals haven't split; once incremental capital returns to the HK market, this divergence will likely converge 😳"
datetime: "2026-07-22T10:11:22.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42851046.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42851046.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42851046.md)
author: "[忧郁小喷菇](https://longbridge.com/en/profiles/27514701.md)"
---

# $TTM Tech(TTMI.US) rose 10%, $Advanced Semiconduct…


### Related Stocks

- [TTMI.US](https://longbridge.com/en/quote/TTMI.US.md)
- [01347.HK](https://longbridge.com/en/quote/01347.HK.md)
- [01989.HK](https://longbridge.com/en/quote/01989.HK.md)
- [001389.CN](https://longbridge.com/en/quote/001389.CN.md)
- [301200.CN](https://longbridge.com/en/quote/301200.CN.md)
- [688347.CN](https://longbridge.com/en/quote/688347.CN.md)
- [03200.HK](https://longbridge.com/en/quote/03200.HK.md)
- [ASX.US](https://longbridge.com/en/quote/ASX.US.md)

## Comments (2)

- **圆好运来 · 2026-07-23T02:29:26.000Z**: Disgusting