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Zhitong Hong Kong stocks early knowledge | Hua Hong (01347) received a 40nm MCU order from stmicroelectronics. The hang seng index company today announced the results of the third quarter review.
On November 21st, europe chip giant stmicroelectronics (STM.US) held an investor day event in Paris, France on Wednesday local time, announcing a cooperation with the second largest wafer foundry in china to produce 40nm node microcontrollers (MCUs) in china, in support of its long-term revenue goals.
Hong Kong stock market review: Hang Seng Index fell by 0.53%, Hang Seng Tech Index fell by 1.24%, mainland real estate stocks showed a noticeable decline.
Most of the large technology stocks fell, with Kuaishou dropping 11.7% after earnings, marking the weakest performance.
Hong Kong stocks surged, Hua Hong Semiconductor (01347) rose more than 3%, the company responded that the cooperation plan with STMicroelectronics is true.
Hua Hong Semi (01347) surged over 3%, as of the time of writing, it has risen by 2.6%, trading at 21.7 Hong Kong dollars, with a transaction volume of 0.391 billion Hong Kong dollars.
The number of pre-orders for the Huawei Mate 70 exceeds 2.1 million, and smartphone industry stocks collectively surge. Fit hon teng (06088) rises by 7.31%.
Jin Wu Finance News | The Huawei Mate 70 series is likely to trigger another buying spree, with stocks in the mobile industry collectively rising: Fit Hon Teng (06088) up 7.31%, Q Tech (01478) up 7.07%, BYD Electronics (00285) up 4.92%, Sunny Optical (02382) up 3.34%, Semiconductor Manufacturing International Corporation (00981) up 2.46%, Hua Hong Semi (01347) up 1.45%.
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.
We Think That There Are More Issues For Hua Hong Semiconductor (HKG:1347) Than Just Sluggish Earnings
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