On September 28, GIGADEVICE fell 3.56% in regular trading, trading at around 458.6 HKD/share, with turnover of approximately 89.20 million HKD. The broader semiconductor sector weakened in tandem, with MONTAGE TECH down 4.39%, HUA HONG GRACE down 4.89%, BIREN TECH down 5.92%, and ILUVATAR COREX down 6.09%.

On the news front, the storage chip sector has been under sustained selling pressure over recent sessions. Acer CEO Jason Chen warned that increasing memory chip output from mainland China could ease supply constraints and exert downward pressure on pricing, with the impact expected to become more pronounced by late next year. Meanwhile, renowned investor Michael Burry recently disclosed he has significantly expanded his short position on Micron Technology, warning that a reversal in the storage cycle could trigger intense selling.

Capital flow data further weighed on sentiment. On September 24, GIGADEVICE's A-share listing recorded a net institutional outflow of 1.532 billion yuan, accounting for 17.47% of that day's total turnover, reflecting cautious institutional positioning amid the sector downturn.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)