On July 24, GIGADEVICE declined 3.49% in regular trading, trading at 543.5 HKD/share, with turnover of HKD 273 million.

On the news front, the semiconductor sector came under broad-based pressure, with peers Innoscience falling 3.98%, Iluvatar CoreX down 1.84%, and Hua Hong Grace declining 0.87%, reflecting weak sector sentiment. Meanwhile, the aftermath of China Life's divestment continues to weigh on market confidence. China Life's 8 asset management plans collectively sold approximately 1.1097 million shares on July 8 at prices between RMB 611.46 and RMB 624.61 per share, realizing total proceeds of roughly RMB 682 million. Market debate persists over whether this represented routine portfolio rebalancing or a valuation warning signal for the storage chip leader.

The stock has retreated over 50% from its high last month. While the previous trading day saw a 4.37% rebound, the sustainability of that recovery remains unconfirmed.交银International recently initiated coverage with a Buy rating and a target price of HKD 907, and the company's H1 net profit is projected to grow approximately 1,099% year-over-year.

(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.)