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Hong Kong stocks surge due to the rise in semiconductor stocks, semiconductor manufacturing international corporation (00981) up nearly 5%, shanghai fudan (01385) up over 4%.
Semiconductor stocks surged, as of the time of writing, semiconductor manufacturing international corporation (00981) rose by 4.57% to 26.3 Hong Kong dollars; shanghai fudan (01385) increased by 4.18% to 15.44 Hong Kong dollars; hua hong semi (01347) went up by 4.24% to 20.9 Hong Kong dollars.
Hong Kong stocks are moving differently | Chip stocks rose in the afternoon as imports of semiconductor equipment faced obstacles, which may intensify, and the push for self-sufficiency is expected to accelerate continuously.
Chip stocks rose in the afternoon trading session. As of the time of publication, Shanghai Fudan (01385) rose by 7.31% to HK$14.98; ASMPT (00522) rose by 5.07% to HK$76.7; Hua Hong Semi (01347) rose by 4.79% to HK$20.35; Semiconductor Manufacturing International Corporation (00981) received a net buy of 3.45%, reaching HK$25.5.
"Trump 2.0" deters the global? South Korea plans to increase support for chip companies and introduce $10 billion low-interest loans next year.
① South Korea plans to increase financial support for domestic chip manufacturers next year to address the challenges posed by the 'Trump 2.0' policy and competitors like China; ② The South Korean Ministry of Finance stated that low-interest loans will reach 14.3 trillion won (approximately 10.2 billion USD) next year to support new chip park enterprises and others.
Hong Kong stocks are moving | Semiconductor stocks are collectively under pressure, hua hong semi (01347) has dropped over 3% as reports indicate that the usa plans to upgrade export controls on chips to China.
Semiconductor stocks are collectively under pressure. As of the time of posting, contel (01912) is down 4%, trading at 0.096 Hong Kong dollars; hua hong semi (01347) is down 3.1%, trading at 19.72 Hong Kong dollars; semiconductor manufacturing international corporation (00981) is down 2.2%, trading at 24.5 Hong Kong dollars.
A-shares and Hong Kong stocks are up, with the gem rising more than 1%, led by photovoltaics, chips, and non-ferrous metals.
PV concept stocks in A-shares rose at the beginning of the market, Suzhou Good-Ark Electronics hit the limit up, Sungrow Power Supply, Deli Technology rose more than 6%, Ginlong Technologies, Suzhou Maxwell Technologies, and Orise Technology quickly followed the upward trend.
How should the semiconductor sector reverse the trend of 'downward pressure' with 'resistance' or 'assistance'?
Is the momentum of semiconductors rebounding about to come to a sudden halt?
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