Hong Kong Stock Market Update: Semiconductor stocks are generally rebounding, with the industry's outlook continuing to improve. Institutions are bullish on the sustained growth in terminal sales on a month-on-month basis.
Semiconductor stocks are generally rebounding. As of the time of publication, Boya Micro (02149) rose by 4.71% to HK$27.8; Shanghai Fudan (01385) rose by 2.94% to HK$16.82. hg semi (06908) rose by 2.5% to HK$0.82.
Beishui Movement: Beishui's net sell-off in transactions was 4.779 billion. Domestic funds sold Hong Kong stock ETFs all day, selling the tracker fund of Hong Kong (02800) for over 3.8 billion Hong Kong dollars.
On October 30th, in the Hong Kong stock market, Beishui had a net sell of 4.779 billion Hong Kong dollars, with a net sell of 1.444 billion Hong Kong dollars in Hong Kong Stock Connect (Shanghai) and a net sell of 3.335 billion Hong Kong dollars in Hong Kong Stock Connect (Shenzhen).
Hong Kong stock market midday review: Hang Seng Index fell 1.86% in the morning, with the semiconductor sector trending down in the morning.
The EU's anti-subsidy tax on electric autos from China will take effect, leading to a collective decline in auto stocks during the morning session.
HK stocks anomaly | Chip stocks collectively fell in the morning, Hua Hong Semi (01347) down more than 5%, semiconductor manufacturing international corporation (00981) down more than 4%.
Chip stocks collectively fell in the morning session, as of the time of publication, Semiconductor Manufacturing International Corporation (00981) fell by 4.18%, to 27.5 Hong Kong dollars; Hua Hong Semi (01347) fell by 4.63%, to 21.65 Hong Kong dollars; HG Semi (06908) fell by 3.66%, to 0.79 Hong Kong dollars; Shanghai Fudan (01385) fell by 2.16%, to 16.32 Hong Kong dollars.
Semiconductor sector weakens, Semiconductor Manufacturing International Corporation (00981) drops by 4.88%, US restrictions on technology investment in China will take effect next year.
KingFive Financial News | The semiconductor sector weakened, with Semiconductor Manufacturing International Corporation (00981) down 4.88%, Hua Hong Semiconductor (01347) down 4.85%, hg semi (06908) down 3.66%, Shanghai Fudan (01385) down 2.16%. On the news front, on October 28th (Monday), the US Treasury Department announced new investment restrictions on semiconductors, microelectronics, quantum information technology, and artificial intelligence in China. These restrictions will officially take effect on January 2, 2025.
Hong Kong stock concept tracking | taiwan semiconductor outsourcing chips announced price increase. Strong demand in the semiconductor industry chain.
taiwan semiconductor's "better-than-expected" price hike may indicate that the global semiconductor industry chain demand is still very strong.
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