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Hong Kong stocks closed lower, with the Hang Seng Index down 0.51% and the Tech Index down 0.75%. Kuaishou (01024.HK) fell more than 12% after Tencent reduced its holdings in the company. Storage concept stocks also declined, with GigaDevice (03986.H

2026-07-07

Hong Kong stocks closed lower, with the Hang Seng Index down 0.51% and the Tech Index down 0.75%. Kuaishou (01024.HK) fell more than 12% after Tencent reduced its holdings in the company. Storage concept stocks also declined, with GigaDevice (03986.HK) falling more than 12% and Montage Technology (06809.HK) falling more than 10%.

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2026-07-07

Omdia's AMFT Q2 2026 China report projects the Chinese semiconductor market will expand 92.9% YoY to $812.1bn in 2026, an upward revision of $265.6bn (48.6%) versus its prior AMFT Q4 2025 update, which forecast $546.5bn (31.26% growth). Omdia also ra

Omdia's AMFT Q2 2026 China report projects the Chinese semiconductor market will expand 92.9% YoY to $812.1bn in 2026, an upward revision of $265.6bn (48.6%) versus its prior AMFT Q4 2025 update, which forecast $546.5bn (31.26% growth). Omdia also raised its 2026 China memory market forecast to 262.9% growth, taking market size to $449.6bn.
2026-07-07

Hong Kong-listed Quantpai (02685.HK) spiked in late trade, rising as much as nearly 70% before easing to a 55% gain.

Hong Kong-listed Quantpai (02685.HK) spiked in late trade, rising as much as nearly 70% before easing to a 55% gain.
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