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Chinese stocks: Best opening in years with 80% rally
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The beneficiaries will be both state-owned and private enterprises in the industry, notably large semiconductor equipment firms like NAURA Technology Group $CHUANGLIAN HOLD (02371.HK)$ , Advanced Micro-Fabrication Equipment Inc China $Advanced Micro-Fabrication Equipment Inc. China (688012.SH)$ and Kingsemi $Kingsemi Co., Ltd. (688037.SH)$ , the sources added.
Some Chinese chip shares in Hong Kong rose sharply after news of the package. Semiconductor Manufacturing International Corp (SMIC) $SMIC (00981.HK)$ added more than 9%. Hua Hong Semiconductor Ltd $HUA HONG SEMI (01347.HK)$ surged more than 17% so far, while mainland markets were closed at the time.
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