On July 27, GIGADEVICE fell 3.87% in regular trading, trading at 524.5 HKD/share, with turnover of HKD 244 million. The stock has now retreated over 50% from its high reached last month.

On the news front, the semiconductor sector faced broad-based selling pressure, with peers HUA HONG GRACE down 6.34%, MONTAGE TECH down 5.23%, BIREN TECH down 4.96%, and ILUVATAR COREX down 3.82%. Meanwhile, the overhang from China Life's earlier divestment continues to weigh on sentiment. Eight asset management plans under China Life collectively sold approximately 1.1097 million shares on July 8, realizing proceeds of roughly RMB 682 million. Market debate persists over whether the reduction signals routine portfolio rebalancing or a valuation warning for the memory chip leader, suppressing near-term sentiment.

(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.)