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The Semiconductors Sector rises: Montage Technology increases by over 8%, and Kiwitec rises by over 5%.
On December 26, according to Gelonghui, the Semiconductor Sector in the A-share market collectively strengthened. Among them, Shenzhen Dawei Innovation Technology reached the daily limit, Xingchen Technology rose over 9%, Montage Technology and Bestechnic (Shanghai) Co., Ltd. increased over 8%, Huahai Chengke, Kangxi Communication, and ZK Lantian rose over 7%, Juchip Technology and Bestechnic (Shanghai) Co., Ltd. rose over 6%, Aojie Technology, Shanghai Bright Power Semiconductor Co., Ltd., Longxun Technology, Kaiweite, and Qipai Technology rose over 5%, while Will Semiconductor and GigaDevice Semiconductor Inc. increased over 4%.
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A-shares afternoon review: The Shanghai Composite Index rose 0.54%, with over 4,200 stocks increasing, led by the Internet E-commerce Concept and Semiconductors Sector.
By noon, the Shanghai Composite Index rose by 0.54% to 3388.22 points, the Shenzhen Component Index rose by 0.62%, and the Chinext Price Index rose by 0.69%.
The A-share Semiconductors Sector experienced significant movement with Kweichow Moutai hitting a daily limit increase of 20 cm, reaching a new high in over a month.
On December 20th, Gelonghui reported that Kaiwei Tech surged by 20cm to hit the limit, reaching a new high in over a month, with Tailing Micro, Shanghai Belling Corp., Ltd., Qipai Technology, GigaDevice Semiconductor Inc., and Tech Semiconductors also rising in response. According to a report from the market research institution Counterpoint Research, the global Semiconductors market is expected to rebound in the third quarter of 2024, driven by demand for AI technology and a recovery in the memory market, with the third quarter revenue of the Global Semiconductors Industry reaching $158.2 billion, a year-on-year increase of 17%.
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Express News | Kaiwei Tech: Plans to repurchase shares worth 10 million to 20 million yuan.