Hong Kong stock anomaly: Zhao Yi Innovation (03986.HK) rose nearly 10% to hit a new high, strong demand and supplier exits are expected to drive NOR/NAND growth.

According to the Financial Channel APP, Zhaoyi Innovation (03986.HK) rose nearly 10%, reaching a high of 1030 Hong Kong dollars during the trading session, and the stock price reached a new high. As of the time of writing, it rose by 7.03%, closing at 1005 Hong Kong dollars, with a trading volume of 1.658 billion Hong Kong dollars.