HK Stock Market Move | Semiconductor stocks collectively under pressure. HUA HONG SEMI (01347) fell more than 4%, while Semiconductor Manufacturing International Corporation (00981) fell more than 3%.

Semiconductor stocks were collectively under pressure in the morning session. As of the time of writing, Shanghai Fudan (01385) fell 4.27% to HK$16.6, Hua Hong Semi (01347) fell 4.02% to HK$26.25, and Semiconductor Manufacturing International Corporation (00981) fell 3.56% to HK$46.1. On the news front, according to CCTV News, on February 10 local time, U.S. President Trump signed an executive order announcing a 25% tariff on all steel and aluminum imports to the United States. Trump also stated that there would be "no exceptions or exemptions." Trump also mentioned considering tariffs on cars, chips, and pharmaceuticals. It is worth noting that the fourth-quarter performances of SMIC and Hua Hong will be announced soon. Semiconductor Manufacturing International Corporation will release its fourth-quarter performance after market today, with a revenue guidance of 0% to +2% quarter-on-quarter and a expected gross margin between 18% to 20%. Hua Hong Semi will announce its performance on Thursday.