Trump threatened to abolish the chip law: they took the money but did not spend it, it is better to use it to pay off debt.

Trump stated yesterday that USA lawmakers should abolish the Chips Act, which provides $52.7 billion in subsidies for Semiconductor manufacturing and production, and that this money should be used to pay off debt. Some officials expressed concerns and criticisms regarding Trump's remarks.

wallstreetcn02:42 ET

Trending Industry Today: HUA HONG SEMI Leads Gains In Robotics Stocks

Moomoo News02:00 ET

Hong Kong stocks fluctuated | Chip stocks rose again in the afternoon. Under the AI wave, the market is paying attention to open-source RISC-V chips. Trump calls for the abolition of the Chip Act.

Chip stocks rose again in the afternoon. As of the time of publication, HUA HONG SEMI (01347) increased by 6.51% to 36 Hong Kong dollars; Semiconductor Manufacturing International Corporation (00981) rose by 5.53% to 54.4 Hong Kong dollars; CE HUADA TECH (00085) climbed by 3.73% to 1.39 Hong Kong dollars; ASMPT (00522) went up by 2.62% to 59 Hong Kong dollars.

Zhitong Finance01:15 ET

There is a divergence behind the rebound of Hong Kong stocks: Short selling pressure on Internet stocks has suddenly decreased, while Semiconductors have become the new target for short sellers.

① How do Brokerage firms view the short-term adjustment pressure on Hong Kong stocks? ② Why are Institutions optimistic about the medium to long-term trend of Hong Kong stocks?

cls.cn01:12 ET

HUA HONG SECURITIES: Reiterates HUA HONG SEMI 'Buy' rating and raises Target Price to HKD 44.00.

Hua Xing Securities released a Research Report stating that it reiterates the "Buy" rating for HUA HONG SEMI (01347) and raises the Target Price from HKD 30.40 to HKD 44.00. The firm has adjusted the 2025 Target P/B ratio to 1.5 times (previously 1.0 times) to reflect its more optimistic view on the industry positioning after HUA HONG integrates Huali Microelectronics. HUA HONG's current P/B shows a 23% discount compared to United Microelectronics's 1.7 times, and a 48% discount compared to Semiconductor Manufacturing International Corporation's 2.5 times (which has higher exposure under the domestic AI narrative in China), highlighting its valuation attractiveness. The main points from Hua Xing Securities are as follows: from management

Sina Hong Kong Stocks21:46 ET

Express News | Hong Kong Stocks Rise After China Announced a Series of Economic Targets for 2025 During the Two Sessions

Moomoo 24/720:50 ET