HK Stock Market Move | Chip stocks continue recent decline, Hua Hong Semiconductor (01347) drops over 3%, Semiconductor Manufacturing International Corporation (00981) drops over 2%.
Chip stocks continued their recent decline. As of the time of reporting, SMIC (01347) fell by 3.09% to HKD 73.7, while SMIC International (00981) fell by 2.04% to HKD 67.3.
Chip stocks continued their recent decline. As of the time of publication, HUA HONG SEMI (01347) fell by 3.09%, trading at 73.7 Hong Kong dollars; Semiconductor Manufacturing International Corporation (00981) fell by 2.04%, trading at 67.3 Hong Kong dollars.
On the news front, US President Trump recently announced that the US will allow NVIDIA to export its H200 artificial intelligence (AI) chips to China and other approved customers under the premise of "ensuring national security", with the US government taking a 25% share of the related sales. Open Source Securities believes that the recovery of supply of chips like H200 may drive the comprehensive upgrade of domestic large-scale models, accelerate the prosperity and development of the domestic AI ecosystem, and further expand the demand for domestic computing chips, which is a long-term positive for the domestic chip sector.
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