Semiconductor sectors weaken, semiconductor manufacturing international corporation (00981) fell by 4.88%. US restrictions on technology investments in China will take effect next year.
Jingwu Financial News | The semiconductor sector weakened, with Semiconductor Manufacturing International Corporation (00981) dropping by 4.88%, Hua Hong Semi (01347) dropping by 4.85%, HG Semi (06908) dropping by 3.66%, and Shanghai Fudan (01385) dropping by 2.16%. On the news front, the U.S. Department of the Treasury announced on October 28 (Monday) new investment restrictions on China in the semiconductor, microelectronics, quantum information technology, and artificial intelligence sectors. These restriction rules will officially take effect on January 2, 2025.
semiconductor manufacturing international corporation's transaction exceeds 10 billion yuan
Great Wall 30th October｜A-shares semiconductor manufacturing international corporation fell more than 7%, with trading volume exceeding 10 billion yuan so far.
Hong Kong Stocks Midday Report | Hang Seng Index fell 1.86% in the morning, with the chip sector trading lower in the morning.
The EU's anti-subsidy tax on electric autos from China will take effect, causing a collective decline in auto stocks in morning trading.
Hong Kong stocks are moving abnormally. Chip stocks collectively fell in the morning. Hua Hong Semi (01347) dropped more than 5%, Semiconductor Manufacturing International Corporation (00981) dropped more than 4%.
Chip stocks fell collectively in the morning session, as of press time, Semiconductor Manufacturing International Corporation (00981) fell by 4.18% to HK$27.5; Hua Hong Semi (01347) fell by 4.63% to HK$21.65; HG Semi (06908) fell by 3.66% to HK$0.79; Shanghai Fudan (01385) fell by 2.16% to HK$16.32.
Hong Kong semiconductor stocks fell across the board, with Hua Hong Semi falling more than 5%.
October 30th, Guolong Hui: Hua Hong Semiconductor fell more than 5%, Semiconductor Manufacturing International Corporation and Sheen Tai fell more than 2%, HG Semi fell more than 1%.
US finalizes investment restrictions on China, Chinese Ministry of Foreign Affairs: China expresses strong dissatisfaction, firmly opposes.
Regarding the United States imposing restrictions on American individuals and companies investing in mainland China's advanced technologies, including semiconductors, quantum computing, and ai, Chinese Foreign Ministry spokesperson Lin Jian responded that China strongly opposes and firmly opposes the US issuing investment restriction rules against China. China has lodged representations with the US, will take all necessary measures, and resolutely safeguard its legitimate rights and interests.