GIGADEVICE is trading 7% up at $1003 after being added to the FTSE China 50 Index.
- FTSE Russell confirmed the semiconductor firm will replace China Tower in the benchmark, effective from the start of trading on June 22, 2026.
- The inclusion serves as a significant catalyst for passive fund inflows and increased global visibility, likely driving the recent price momentum.
- The rally follows several days of sharp appreciation and official disclosures regarding abnormal trading fluctuations in the company's A-shares.