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Hong Kong stocks closed (01.09) | The Hang Seng Index fell by 0.2%. The Semiconductors Sector performed actively, and TINGYI (00322) surged by 12%.
Hong Kong stocks surged and then fell today, with the three major Indices turning negative in the afternoon, and only the Hang Seng Technology Index managed to achieve a slight increase, having once risen over 1% in the morning.
Capital trend | The North's net buying of Hong Kong stocks amounted to 14.873 billion HKD, with Tencent receiving an additional investment of 8.496 billion HKD.
Track the latest dynamics of southbound capital.
Hong Kong Stocks Mark Three-Day Losing Streak on Worries Over Strong US Labor Market
TrendForce: Strategy and cost considerations drive a more positive attitude towards cooperation between European, Japanese IDM and Chinese wafer fabs.
Due to China encouraging domestic car manufacturers to increase the proportion of domestically produced chips to 25% by 2025, and also supporting foreign companies for local production, the strategy of China for China and cost considerations have driven a more positive attitude towards cooperation between European, Japanese IDM and Chinese wafer factories.
Hong Kong stocks movement | Chip stocks fell in the morning, Semiconductor Manufacturing International Corporation (00981) dropped over 4%. Institutions say that the recovery of wafer foundry profit margins may be slower than revenue growth.
Chip stocks fell in early trading. As of the time of reporting, HUA HONG SEMI (01347) is down 4.48%, priced at 19.82 HKD; Semiconductor Manufacturing International Corporation (00981) is down 4.33%, priced at 29.8 HKD; SHANGHAI FUDAN (01385) is down 3.91%, priced at 13.78 HKD; ASMPT (00522) is down 1.69%, priced at 75.65 HKD.
Individual Investors Account for 59% of Semiconductor Manufacturing International Corporation's (HKG:981) Ownership, While Institutions Account for 17%
zzhen c : may not, can think of it as apple vs pear. tho both are fruits and same target audience (investors), both may be affected by bad weather conditions (whole economy). but ultimately 2 different types of fruits.