HK Stock Market Move | Semiconductor stocks continue to rise, Hua Hong Semiconductor (01347) rises over 4% and Semiconductor Manufacturing International Corporation (00981) rises over 3% to reach a new high.

Semiconductor stocks continue to rise, as of press time, SHANGHAI FUDAN (01385) rose 5.75% to 23 Hong Kong dollars; HUA HONG SEMI (01347) rose 4.47% to 42.1 Hong Kong dollars; Semiconductor Manufacturing International Corporation (00981) rose 3.23% to 55.95 Hong Kong dollars; SOLOMON SYSTECH (02878) rose 1.56% to 0.65 Hong Kong dollars. On the news front, Alibaba Group CEO Wu Yongming recently stated at a financial report meeting that the AI era has a clear and huge demand for infrastructure, and the investment in cloud and AI infrastructure in the next three years is expected to exceed the total of the past ten years. In addition, DeepSeek will hold an open source week event, releasing 5 code repositories one by one, with new content unlocked daily to further share new developments. Guotai Junan research believes that the intensification of AI competition and the accelerated development of the industry, while chip manufacturing is currently the main bottleneck for the Chinese AI industry, is expected to gradually break through as the industry chain matures. Companies in the semiconductor manufacturing and testing sectors are expected to benefit from the huge demand in the domestic market, and it is recommended to hold Semiconductor Manufacturing International Corporation, HUA HONG SEMI, etc.