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The USA is going to hold a hearing to investigate China's traditional chips, leading to a decline in chip stocks.
Jinwu Finance | Chip stocks generally fell, with BEKE MICRO (02149) down 4.20%, SOLOMON SYSTECH (02878) down 3.64%, HUA HONG SEMI (01347) down 2.85%, SHANGHAI FUDAN (01385) down 2.75%, CE HUADA TECH (00085) down 2.10%, ASMPT (00522) down 1.87%, and HG SEMI (06908) down 1.64%. The office of the U.S. Trade Representative will hold a hearing on the 11th local time regarding traditional chips (mature process chips) produced in China to explore the possibility of further increasing related tariffs.
Hong Kong Stock Morning Report | US stocks rebound, China's Golden Dragon Index surges 6.4%, the State Council aims to increase support for Technology enterprises.
① The USA will grant a one month tariff exemption on Autos imported under the USMCA. ② The three major US stock indexes closed higher, with the Nasdaq China Golden Dragon Index rising by 6.4%. ③ The General Office of the State Council stated that efforts should be increased to support equity financing for Technology companies that break through key core technologies. ④ Morgan Asset Management indicates that the process of revaluation of China Assets has just begun.
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.
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?
SOLOMON SYSTECH (02878.HK) plans to hold a Board of Directors meeting on March 20 to approve the annual performance.
Gelonghui, on March 4, announced that SOLOMON SYSTECH (02878.HK) Board of Directors hereby announces that a Board meeting will be held on March 20, 2025 (Thursday), to (including) consider and approve the consolidated annual performance of the company and its subsidiaries for the year ending December 31, 2024, and its release, as well as consider the declaration of a final dividend (if any) and handle Other affairs.
SOLOMON SYSTECH: DATE OF BOARD MEETING
周淮安 : I have already dropped out of this high, and this stock is a small semiconductor stock. This company is downstream of a major semiconductor company. If the market pulls back again now, I don't think it's very stable, so it will be more stable to buy the head of the sector as much as possible