On August 3, GIGADEVICE (03986) declined 3.01% in regular trading, trading at 444.8 HKD/share, with turnover of approximately 165 million HKD.

On the news front, Korean semiconductor giants Samsung Electronics and SK Hynix both fell over 5% on the same day, with the KOSPI index dropping more than 4%, triggering broad weakness across Hong Kong-listed storage concept stocks. Fellow storage name Montage Technology declined 3.79% in the same session. Morgan Stanley noted that Korean equities have been undergoing a large-scale deleveraging process since mid-June, and while largely complete, recent sharp declines may trigger further near-term selling pressure.

Additionally, GIGADEVICE had surged over 28% on July 31 following its buyback-and-stake-increase plan announcement, creating short-term profit-taking pressure that weighed on the stock. The company has scheduled a special shareholders meeting on August 20 to vote on a 1-2 billion yuan A-share buyback for cancellation, with its next earnings report due August 19.

(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.)