Changes in Hong Kong stocks | Storage concepts are collectively pressured by “big bears” and further shorting of storage warning cycles will trigger a “sharp sell-off”

The Zhitong Finance App learned that the storage concept was under collective pressure. As of press release, the South had doubled, Samsung Electronics (07747) fell 4.26% to HK$82.62; GigaYi Innovation (03986) fell 3.37% to HK$498.6; and Lanqi Technology (06809) fell 2.15% to HK$300.

According to the news, technology stocks such as US stock storage fell overnight due to hawkish signals compounded by the sell-off of US bonds. Notably, “Big Short” Mike Berry said he would increase shorting Micron Technology, stressing that the operation was “quite large”. It also warned that a cycle reversal would trigger a “sharp sell-off.” Furthermore, Acer CEO Chen Junsheng also recently warned that an increase in memory chip production in mainland China may eventually ease supply restrictions and put pressure on prices. The related effects will become more apparent around the end of 2027. This provided new support for Bury's bearish views on storage stocks.