HK Stock Market Move | Most semiconductor stocks are rising. Fudan Shanghai (01385) is up over 6%, while Semiconductor Manufacturing International Corporation (00981) is up nearly 5%.

Most semiconductor stocks rose, as of the time of writing, SHANGHAI FUDAN (01385) rose by 6.5% to HKD 22.95, SOLOMON SYSTECH (02878) rose by 5% to HKD 0.63, and Semiconductor Manufacturing International Corporation (00981) rose by 4.8% to HKD 56.8. On the news front, according to financial information news agency, the Trump administration is drafting stricter semiconductor restriction measures and pressuring key allies to upgrade restrictions on China's chip industry. Foreign Ministry spokesperson Lin Jian stated that the U.S. politicizing trade and technology issues and expanding security concerns and tools are hindering the global semiconductor industry's development, which will ultimately backlash on itself. Tianfeng previously pointed out the urgent need for independent and controllable semiconductors, and continues to see investment opportunities in domestic semiconductor equipment materials/EDA/IP and other areas. In addition, market research firm CounterPoint Research reports that global semiconductor revenue is estimated to reach $621 billion in 2024, with a 19% year-on-year growth driven by the surge in demand for AI. Guotai Junan research believes that the intensifying competition in AI and accelerated industry development, and chip manufacturing is currently a major bottleneck in China's AI industry, with the potential to gradually break through as the industry chain matures. Companies in the semiconductor manufacturing and packaging and testing sectors are expected to benefit from the huge domestic market demand, and it is recommended to increase holdings in Semiconductor Manufacturing International Corporation, HUA HONG SEMI, and others.