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Market quick glance | The three major Indices showed mixed results, with the tech index slightly rising, Xiaomi and Tencent increasing nearly 3%; Semiconductors stocks were strong, with Semiconductor Manufacturing International Corporation rising over 8%;
Network Technology stocks performed poorly, KUAISHOU-W fell by 5.42%, Alibaba-W dropped by 3.44%; most Coal Industrial Concept stocks declined, SOUTHGOBI fell by 12.02%, China Coal Energy dropped by 6.37%; many Hong Kong Retail Stocks fell, PRADA decreased by 3.80%, BOSSINI INT'L dropped by 3.48%;
Express News | The Hang Seng Index closed down 0.16%, while the Hang Seng TECH Index rose 0.11. Chip stocks strengthened, with Semiconductor Manufacturing International Corporation gaining over 8%, HG SEMI rising nearly 7%, SOLOMON SYSTECH and HUA HONG SEMI increasing m
What happened? Hong Kong stocks in the Technology and semiconductor sectors suddenly surged, with Semiconductor Manufacturing International Corporation skyrocketing by over 10%.
According to market rumors, the USA may introduce a new update to AI export controls in the next few days, which is said to possibly involve two aspects. One is the implementation of licensing requirements for the contract manufacturing of 7nm chips. The other is the establishment of global export restrictions for GPUs, meaning in the future, non-allied countries may only be able to purchase from companies on the VEU whitelist.
Hong Kong stock market midday review | All three Indexes rose, Semiconductors and Tencent Related stocks strengthened, Weimob surged over 16%, Semiconductor Manufacturing International Corporation rose over 10%, and Tencent increased over 3%.
Network Technology stocks generally fell, KUAISHOU-W dropped 4.65%, Alibaba-W fell 3.32%; many Coal Industrial Concept stocks declined, SOUTHGOBI fell 8.50%, China Coal Energy dropped 5.01%; Mobile Game stocks rose, BOYAA fell 5.06%, TENCENT increased 3.08%;
Hong Kong stocks movement | Chip stocks rose collectively in the morning. In the third quarter, the global top ten foundry output value hit a record high, with significant achievements in self-controllable foundry.
Chip stocks collectively rose in the morning. As of the time of this report, Semiconductor Manufacturing International Corporation (00981) rose by 5.74%, reaching 27.65 HKD; HG SEMI (06908) increased by 5.17%, reaching 0.61 HKD; HUA HONG SEMI (01347) rose by 3.41%, reaching 21.2 HKD; SOLOMON SYSTECH (02878) increased by 3.33%, reaching 0.465 HKD.
Express News | Hong Kong stocks in the semiconductor sector rose in early trading, with Semiconductor Manufacturing International Corporation up more than 4%, HUA HONG SEMI and SHANGHAI FUDAN both rising over 2%.