7709.HK is trading at HK$41.50, up 5.06%, primarily as memory-chip shares rally on strong AI infrastructure demand.
- DRAM pricing has reached record levels, while server DDR5 pricing remains dramatically above year-ago levels.
- SK Hynix is reportedly exploring U.S. memory-chip manufacturing with Intel, though no agreement has been finalized.
- Lower yields and easing oil supported a broader risk-on recovery.