Key Takeaways:
- Kingboard Laminates plunges 11% leading HK PCB sector decline
- Four PCB-related stocks fall between 4% and 11% on July 28
- Selloff mirrors global chipmaker weakness with KOSPI down 7%
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Hong Kong PCB stocks slide 11% as global chip selloff deepens
Hong Kong-listed printed circuit board stocks tumbled July 28, with Kingboard Laminates plunging 11 percent to lead a sector-wide selloff.
Traders pointed to weakening demand from downstream electronics and a deepening global chipmaker rout as the primary drivers, with South Korea's KOSPI sliding 7 percent in the same session, according to exchange data. The KOSPI decline deepened as a global selloff in semiconductor stocks accelerated.
Kingboard Laminates (01888.HK) fell 11.05 percent, while parent company Kingboard Holdings (00148.HK) dropped 7.29 percent, according to exchange data. Shengyi Technology (02476.HK) declined 5.36 percent, and Han's CNC (03200.HK) lost 4.21 percent. The four stocks span the PCB supply chain from laminate production to manufacturing equipment.
The selloff points to potential headwinds for the Asian semiconductor supply chain, where PCB makers serve as a bellwether for electronics demand. Investors will watch for upcoming earnings reports from major PCB producers for further guidance on order visibility and pricing power.
The broader Hang Seng Index also faced pressure, tracking losses across regional equity markets as technology stocks came under renewed selling pressure.
This article is for informational purposes only and does not constitute investment advice.
[1] South Korea's KOSPI drops 7% as global chipmaker selloff deepens[2] Hang Seng Index Rises for Fourth Day, Up 0.41%; AI Stocks Diverge as Foxconn Reportedly Lands $52 Billion SpaceX Order - finance.biggo.com[3] Hong Kong Market Close (07.28) | Hang Seng Index Gains 0.41%; PCB Concept Stocks Plunge Across the Board, Laopu Gold (06181) Leads Decline Among Blue Chips - 富途牛牛[4] Hong Kong Market Morning Commentary: All three major indices opened higher, with broad gains in technology, internet, electric power, and automotive sectors, while memory, PCB, and optical communication-related stocks plunged sharply. - 富途牛牛
