Changes in Hong Kong stocks | Lanqi Technology (06809) fell nearly 12% due to suspected price manipulation, and the South Korean investigation company will actively cooperate

The Zhitong Finance App learned that Lanqi Technology (06809) fell nearly 12%. As of press release, it fell 11.89% to HK$318.6, with a turnover of HK$940 million.

According to the news, on July 15, the South Korean prosecution raided the Korean offices of three semiconductor companies, including Lanqi Technology, to investigate suspected semiconductor component price manipulation. According to a report by the Science and Technology Innovation Board Daily, staff at the board office of Lanqi Technology responded to reporters today that the incident happened yesterday. The company is currently understanding the relevant situation. The company has always operated in compliance and will actively cooperate with the investigation. Currently, the company is operating normally.

Notably, overnight, the US stock memory chip sector plummeted. SanDisk and Micron both plummeted by more than 8%, while SK Hynix plummeted by more than 9%. SK Hynix and Samsung Electronics also fell sharply in the Korean stock market today. BOC International said that after experiencing rapid increases in storage prices for many months before, the increase slowed marginally in June, but it still maintained the judgment that the industry was short of supply and demand at least until the fourth quarter of 2027, and believes that if prices fall in 2028, the fluctuation may be more moderate than the previous cycle.