Since July 1, the previously strong tech sector has entered a phase of correction, with many popular A-share tech stocks falling more than 25% in just a few trading days. Optical communications, fiber optics, PCBs, electronic fabrics, MLCCs, and memory chips have been at the core of this round of adjustments. Hengtong Optic-Electric dropped 32.2%, Yunzhong Technology fell 38.8%, Torch Electron declined 31.7%, and GigaDevice retreated 30.4% from its historical high. This correction is not unique to A-shares. Hong Kong-listed PCB leader Kingboard Holdings has nearly halved from its June peak. South Korean memory giants Samsung Electronics and SK Hynix have both pulled back over 25%. The Philadelphia Semiconductor Index in the US has corrected nearly 20%. After a collective surge in May and June, global tech stocks are broadly facing the need to digest valuations amid excessively crowded trades. Market analysis suggests that as interim earnings forecasts and financial reports are gradually released, performance will become the watershed for the subsequent tech market trend.
SK Hynix Inc
Kingboard Holdings Ltd
Samsung Electronics Co Ltd
Chongqing Road & Bridge Co Ltd
Hengtong Optic Electric Co Ltd
Fujian Huoju Electronic
GigaDevice Semiconductor(Beiji
Suzhou GYZ Electronic Technology Co. Ltd. A