7709.HK is trading at HK$37.92 (+3.16%), most likely a technical rebound after its 13.67% September 14 decline, not a fresh fundamental catalyst.

  • The selloff followed concerns that an AI-development slowdown could weaken high-bandwidth-memory demand, while higher U.S. yields pressured technology valuations.
  • Memory-sector fundamentals remain supportive, with reports of critically low inventories and continued expectations for strong AI-memory demand; analyst optimism remains a stabilizing influence.
  • SK hynix was recently reported slightly lower, limiting confidence in a company-specific catalyst.