On September 24, GIGADEVICE fell 3.57% in regular trading, trading at 497.0 HKD/share, with turnover of approximately 46.34 million HKD. The decline came as the broader semiconductor sector weakened following an overnight pullback in US chip and storage stocks, compounded by hawkish Federal Reserve commentary.

On the news front, US markets closed lower on September 23, with the Philadelphia Semiconductor Index falling 1.23%. US storage and optical communication names saw broad-based selling, with SanDisk, Corning, Coherent, Ciena, and SK Hynix each declining over 3%, while Micron fell more than 2%. Inflation concerns pushed US Treasury yields higher, with the US Dollar Index reaching an eight-week high of 101.00. Fed officials struck a hawkish tone, with FedWatch data showing the probability of a 25bp rate hike in October rising above 66%.

Within the Semiconductors sector, stocks declined broadly. Among peers, HUA HONG GRACE fell 2.1%, SMIC fell 0.86%, ILUVATAR COREX fell 2.44%, MONTAGE TECH fell 2.22%, and BIREN TECH fell 3.04%. Notably, on September 23, GIGADEVICE A-shares saw net main capital outflows of 658 million yuan, reflecting cautious institutional sentiment ahead of the session.

(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.)