HK Stock Market Move | Semiconductor stocks are rising again, with policy catalyzing the industry chain and institutions optimistic about the long-term prospects of domestic substitution logic.

Semiconductor stocks surged again. As of press time, INNOSCIENCE (02577) rose 10.67% to HK$77.8; BATELAB (02149) rose 6.44% to HK$53.2; HUA HONG SEMI (01347) rose 4.67% to HK$86.25; Semiconductor Manufacturing International Corporation (00981) rose 3.5% to HK$82.8. On the news front, the Fourth Plenary Session of the 19th Central Committee of the CPC and the press conference made it clear that the main goals for economic and social development during the "14th Five-Year Plan" period are to achieve significant results in high-quality development and significantly increase the level of self-reliance in science and technology. Additionally, global storage is on the rise, with reports stating that Samsung and SK Hynix, the two giants, have notified customers that contract prices for DRAM and NAND in the fourth quarter will increase by up to 30%. Huaxi pointed out that the main theme of localization is clear, and the chip and semiconductor industries are experiencing a "boom". Galaxy Securities believes that in the short term, the demand for AI computing power will drive domestic and foreign logic and storage manufacturers to expand production, with strong demand for etching and thin film deposition equipment; in the long term, the domestic substitution logic is more solid under the "15th Five-Year Plan" technology self-reliance strategy.