HK Stock Market Move | Chip stocks fell in early trading as several manufacturers are reportedly tightening control over storage chip orders to prevent customers from hoarding excessively.

Chip stocks fell in the morning session, as of press time, HUA HONG SEMI (01347) fell 9.53% to 105.4 Hong Kong dollars; GigaDevice Semiconductor Inc. (03986) fell 8.06% to 308 Hong Kong dollars; SHANGHAI FUDAN (01385) fell 5.08% to 49.36 Hong Kong dollars; Semiconductor Manufacturing International Corporation (00981) fell 4.18% to 72.25 Hong Kong dollars. On the news front, on Monday, the Seoul Composite Index plunged 4%, with Samsung and SK Hynix falling. According to media reports, Samsung, SK Hynix, and Micron have tightened order reviews, conducting more rigorous due diligence on customers - including verifying the identity of end users, confirming the actual demand, and even questioning the authenticity of orders, in response to possible market fluctuations due to some customers over-ordering or stocking up. It is worth noting that Huang Renxun recently stated that he has not received any orders for H200 chips from Chinese customers, and is patiently waiting. FIRST SHANGHAI previously stated that the impact of H200 on the domestic computing power industry chain is very limited, mainly because H200's main scenario is in training, while the domestic computing power mainly focuses on small and medium-sized model training, vertical model training, and inference application scenarios, with a low degree of overlap in application scenarios.