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Hong Kong stock market midday review | Hang Seng Index fell by 1.34%, domestic semiconductor chip stocks rebounded.
Policy related to data elements is intensively released, gds holdings-SW(09698) rises
[Industry Trends] OPEC cuts global oil demand expectations for the next two years for the third time; Shenzhen increases support for the integrated circuit industry.
OPEC once again lowered the global oil demand expectations for the next two years. The Organization of the Petroleum Exporting Countries (OPEC) released its monthly Oil Market Report on the 14th, revising down the expectations for global oil demand in 2024 and 2025. This is the third consecutive downward revision after lowering the global oil demand expectations for the next two years in August and September. The report indicates that OPEC has revised down the expected daily global oil demand growth for 2024 from 2.03 million barrels to 1.93 million barrels, with the revised annual average daily oil demand estimated at around 10.4 million barrels. Source: Xinhua News Agency Shenzhen ramps up support for the integrated circuit industry, accelerating the establishment of billion-dollar-level.
Hong Kong Stock Market Moves Unusually | Chip Stocks Rebound in Early Trading, USA Considering Restricting Sales of AI Chips to Some Countries, Institutions Expect AI and Localization to Drive Semiconductor Demand
Chip stocks rebounded in early trading. As of the time of publication, Solomon Systech (02878) rose by 5.36% to HK$0.59; Shanghai Fudan (01385) rose by 4% to HK$17.16; Semiconductor Manufacturing International Corporation (00981) rose by 2.81% to HK$27.45; Hua Hong Semi (01347) rose by 1.3% to HK$23.45.
Trending Industry Today: HG SEMI Leads Losses In Semiconductors Stocks
China Securities Co., Ltd.: Fiscal clues are gradually becoming clear. Buy on dips to layout trades for the recovery of domestic demand.
china securities co.,ltd. released research reports stating that the market has transitioned from the 'blitzkrieg' of the first phase of the bull market to the second phase of 'tug of war', presenting a pattern of fluctuations in the short term. However, in the medium term, it is also a period for preparing for the layout of the third phase.
Debon Securities: Semiconductors are an important investment direction in a bull market. There may still be significant room for further upside.
Currently, there is a large gap in the overall domestic semiconductor production capacity, with continuous external restrictions increasing. The localization process in some areas is gradually accelerating.
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