Movement Alert|MONTAGE TECH Falls 3.44% in Regular Trading, Storage Chip Sector Drops on Weak Samsung Earnings

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Yesterday

On October 9, MONTAGE TECH fell 3.44% in regular trading, trading at HK$263.8, with turnover of HK$31.73 million. The decline was driven by broad weakness in storage chip stocks after Samsung Electronics reported third-quarter preliminary earnings below market expectations.

Samsung's third-quarter sales came in at 195 trillion Korean won and operating profit at 107.4 trillion Korean won, both missing consensus estimates. TrendForce data showed that while DRAM supply remains tight in the fourth quarter, the pace of contract price increases is slowing, and concerns persist that capacity expansion across the industry could weigh on chip prices further out.

Within the semiconductor sector, SMIC fell 1.5%, Hua Hong Grace fell 3.29%, GigaDevice fell 2.96%, Biren Tech fell 0.46%, and Iluvatar CoreX fell 3.25%.

(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.)

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