GIGADEVICE is trading 4.7% down now at HK$454.20 after a broad semiconductor and Hong Kong equity selloff, as rising oil prices, Middle East tensions, and hotter inflation data intensified concerns about higher interest rates.
- Hong Kong’s Hang Seng fell 1.3% and its tech index dropped 2% on September 10.
- Higher interest-rate concerns pressured high-growth technology stocks.
- Semiconductor stocks broadly weakened.