Hong Kong chip stocks experienced significant declines, with Montage Technology (06809.HK) falling over 9%. GigaDevice (03986.HK) led the losses with a nearly 20% drop, while Iluvatar CoreX (09903.HK) decreased by over 18%. Hua Hong Semiconductor (01347.HK) and SMIC (00981.HK) also saw declines of over 5% and 4%, respectively. The adjustments reflect broader market volatility affecting the semiconductor sector.