Hang Seng Index Falls 1.38% as Memory Chip Sector Rallies on Micron Earnings Surprise

HK50-1.24%
According to Zhi Tong Finance, Hong Kong's Hang Seng Index fell 1.38% (323 points) to 23,088 points during the morning session on June 25. The Hang Seng Tech Index declined 1.67%. Memory chip stocks bucked the broader market downturn, with semiconductor plays rallying after Micron's earnings and guidance exceeded expectations. Investors saw the results as further validation of the storage semiconductor super-cycle, with key stocks including leveraged plays on Samsung Electronics and SK Hynix posting gains of 9.7% and 16% respectively.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments