HK Stock Market Move | Chip stocks led the gains, with HUA HONG SEMI (01347) rising more than 4% and Semiconductor Manufacturing International Corporation (00981) rising nearly 3% during trading.

Chip stocks lead the gains. As of the time of drafting, HUA HONG SEMI (01347) rose by 3.45% to HK$76.5; SHANGHAI FUDAN (01385) rose by 2.63% to HK$39.78; Semiconductor Manufacturing International Corporation (00981) rose by 1.86% to HK$68.45. In terms of news, on the evening of December 3, MoreThread announced that the company's stock will be listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on December 5, 2025 (Friday). On the same day, Muxi Holdings announced that the inquiry results for its IPO listing on the Science and Technology Innovation Board have been released, and the issuance price has been set at 104.66 yuan per share, with a market value of 41.8 billion yuan based on the preliminary issuance price and total share capital. Shanghai Securities released a research report stating that the global wafer foundry industry revenue is expected to increase by 22.1% year-on-year in 2025, with AI and electric vehicles continuing to drive market growth in 2026. CITIC SEC also stated that the Chinese AI chip market is expected to increase to 7-9 times the 2025 level, which is higher than the global market, based on the 350-400 billion US dollar market size in 2030. The domestication rate of Chinese AI chips is expected to increase from 30-40% in 2025 to 60-70% in 2030.