Hong Kong stocks close, storage concept stocks plunge

TechFlow News, July 28, according to Bitget market data, at the close of the Hong Kong stock market, the Hang Seng Index closed up 0.41%, and the Hang Seng Tech Index rose 0.61%.

Storage concept stocks plummeted, Southern 2x Long Hynix fell 30%, Southern 2x Long Samsung Electronics fell over 26%, GigaDevice fell over 17%, and Montage Technology fell over 13%.

PCB concept stocks declined, Kingboard Laminates fell over 16%, and Guanghe Technology fell over 16%. The "big two" of AI large models declined, Zhipu AI fell over 18%, and MiniMax fell over 14%.

The semiconductor sector retreated, Hua Hong Semiconductor fell nearly 7%, and SMIC fell over 2%.