HK Stock Market Move | Chip stocks lead the decline with Hua Hong Semiconductor dropping more than 8% and Semiconductor Manufacturing International Corporation dropping more than 5%.

Chip stocks lead the decline. As of press time, HUA HONG SEMI (01347) fell by 8.05% to HK$67.35, while Semiconductor Manufacturing International Corporation (00981) fell by 5.6% to HK$64.95. On the news front, according to reports cited by Global Network, the Trump administration is considering approving the export of NVIDIA's H200 artificial intelligence chip to China. The report cited sources as saying that the U.S. Department of Commerce, which is responsible for regulating U.S. export controls, is reviewing changes to export restrictions on China and that the relevant plans may change. The report stated that the Department of Commerce has not yet responded, and NVIDIA has not directly commented on it.