Samsung DRAM price hike report pressures Hong Kong tech stocks
Counterpoint Research said recent falls in Samsung Electronics and SK Hynix shares do not signal a turn in memory chips, while its higher third-quarter DRAM price forecast underscores supply-chain cost pressure.
Hong Kong-listed technology shares weakened after the open as the market digested a report that Samsung Electronics plans to raise third-quarter DRAM prices by about 20%. Sunny Optical Technology fell more than 4% and Lenovo Group dropped 3.4%, reflecting investor concern that higher memory-chip prices could raise component costs across parts of the hardware supply chain. Counterpoint Research director MS Hwang said recent share-price declines at Samsung Electronics and SK Hynix do not mark a fundamental change in the memory-chip market. Samsung fell 6.9% and SK Hynix 6.1%, while Counterpoint raised its third-quarter DRAM price growth forecast to 10%-20% from 5%-10% as customers continue placing orders early.
- DRAM: Dynamic random access memory, a widely used type of memory chip in computers and electronic devices.