Memory Sector Stocks Rally in Hong Kong Market

Stock News
03/10

Memory-related stocks advanced in Hong Kong trading. At the time of writing, MONTAGE TECH (06809) rose 7.23% to HK$177.9, while GIGADEVICE (03986) gained 3.06% to HK$377. Additionally, leveraged ETFs tracking South Korean chip leaders surged sharply. The 2x Long SK Hynix ETF (07709) jumped 18.92%, and the 2x Long Samsung Electronics ETF (07747) climbed 13.51%. Market sentiment was lifted by a strong rebound in South Korean equities on March 10, where both SK Hynix and Samsung Electronics saw intraday gains exceeding 10%. The global AI investment boom continues to drive a sharp increase in memory demand, exacerbating supply-demand imbalances in the NAND market. Recent reports indicate that Samsung Electronics plans to raise prices for key NAND products in the second quarter by a margin similar to the increases seen in the first quarter. It is reported that Samsung raised NAND prices by 100% and DRAM prices by 100% in the first quarter.

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