Movement Alert｜GIGADEVICE Falls 6.04% in Regular Trading, ChangXin Technology IPO Boot-Drop Effect Continues to Weigh on Storage Sector

Market Focus

Jul 28

On July 28, GIGADEVICE fell 6.04% in regular trading, trading at HK$498.4/share, with turnover of HK$266 million. The decline extends the boot-drop selling pressure triggered by ChangXin Technology's blockbuster debut on the STAR Market on July 27.

ChangXin Technology surged over 465% on its first trading day with turnover exceeding RMB 140 billion, making it the first A-share stock to surpass RMB 100 billion in single-day turnover. The massive capital absorption effect has drained liquidity from the broader storage sector. According to Omdia data, ChangXin Technology ranks first in China and fourth globally by shipment volume. GIGADEVICE founder Zhu Yiming simultaneously serves as ChangXin Technology's chairman, fueling market concerns over potential competition between the two entities and management bandwidth dilution.

The broader HK-listed storage sector saw sharp declines, with leveraged products tracking SK Hynix and Samsung Electronics falling over 25% and 20% respectively, while peer Montage Technology dropped over 6%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1111844018"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1111844018\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1111844018?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-28 09:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1111844018","market":"hk","top_or_hot":-1,"title":"Movement Alert｜GIGADEVICE Falls 6.04% in Regular Trading, ChangXin Technology IPO Boot-Drop Effect Continues to Weigh on Storage Sector","media":"Market Focus","content":"<p><p>On July 28, GIGADEVICE fell 6.04% in regular trading, trading at HK$498.4/share, with turnover of HK$266 million. The decline extends the boot-drop selling pressure triggered by ChangXin Technology's blockbuster debut on the STAR Market on July 27.</p><p>ChangXin Technology surged over 465% on its first trading day with turnover exceeding RMB 140 billion, making it the first A-share stock to surpass RMB 100 billion in single-day turnover. The massive capital absorption effect has drained liquidity from the broader storage sector. According to Omdia data, ChangXin Technology ranks first in China and fourth globally by shipment volume. GIGADEVICE founder Zhu Yiming simultaneously serves as ChangXin Technology's chairman, fueling market concerns over potential competition between the two entities and management bandwidth dilution.</p><p>The broader HK-listed storage sector saw sharp declines, with leveraged products tracking SK Hynix and Samsung Electronics falling over 25% and 20% respectively, while peer Montage Technology dropped over 6%.</p><p>(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.)</p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Movement Alert｜GIGADEVICE Falls 6.04% in Regular Trading, ChangXin Technology IPO Boot-Drop Effect Continues to Weigh on Storage Sector</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMovement Alert｜GIGADEVICE Falls 6.04% in Regular Trading, ChangXin Technology IPO Boot-Drop Effect Continues to Weigh on Storage Sector\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-07-28 09:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On July 28, GIGADEVICE fell 6.04% in regular trading, trading at HK$498.4/share, with turnover of HK$266 million. The decline extends the boot-drop selling pressure triggered by ChangXin Technology's blockbuster debut on the STAR Market on July 27.</p><p>ChangXin Technology surged over 465% on its first trading day with turnover exceeding RMB 140 billion, making it the first A-share stock to surpass RMB 100 billion in single-day turnover. The massive capital absorption effect has drained liquidity from the broader storage sector. According to Omdia data, ChangXin Technology ranks first in China and fourth globally by shipment volume. GIGADEVICE founder Zhu Yiming simultaneously serves as ChangXin Technology's chairman, fueling market concerns over potential competition between the two entities and management bandwidth dilution.</p><p>The broader HK-listed storage sector saw sharp declines, with leveraged products tracking SK Hynix and Samsung Electronics falling over 25% and 20% respectively, while peer Montage Technology dropped over 6%.</p><p>(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.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03986","symbol_name":"兆易创新","start_time":0,"source_url":"","article_id":"1111844018","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1111844018","pubTimestamp":1785202525,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On July 28, GIGADEVICE fell 6.04% in regular trading, trading at HK$498.4/share, with turnover of HK$266 million. The decline extends the boot-drop selling pressure triggered by ChangXin Technology's...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03986":"兆易创新"},"translate_title":"动向提醒|兆易创新常规交易下跌6.04%，长信科技IPO引爆效应持续打压存储板块","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03986":1},"content_text":"On July 28, GIGADEVICE fell 6.04% in regular trading, trading at HK$498.4/share, with turnover of HK$266 million. The decline extends the boot-drop selling pressure triggered by ChangXin Technology's blockbuster debut on the STAR Market on July 27.ChangXin Technology surged over 465% on its first trading day with turnover exceeding RMB 140 billion, making it the first A-share stock to surpass RMB 100 billion in single-day turnover. The massive capital absorption effect has drained liquidity from the broader storage sector. According to Omdia data, ChangXin Technology ranks first in China and fourth globally by shipment volume. GIGADEVICE founder Zhu Yiming simultaneously serves as ChangXin Technology's chairman, fueling market concerns over potential competition between the two entities and management bandwidth dilution.The broader HK-listed storage sector saw sharp declines, with leveraged products tracking SK Hynix and Samsung Electronics falling over 25% and 20% respectively, while peer Montage Technology dropped over 6%.(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.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}