HK Stock Market Move | TSMC's September sales decreased 0.6% month-on-month. Hua Hong Grace Semiconductor (01347) fell over 9%. Semiconductor Manufacturing International Corporation (00981) fell over 6%.

Chip stocks continued to decline. As of press time, Hua Hong Grace Semiconductor (01347) fell 9.07% to HK$95.75; Semiconductor Manufacturing International Corporation (00981) fell 6.40% to HK$57. On the news front, on October 8, TSMC released its latest revenue report, showing that TSMC's September revenue was NT$511.86 billion, down 0.6% month-on-month and up 54.6% year-on-year. TSMC's revenue for the first three quarters of 2026 was NT$3,898.73 billion, up 41.1% year-on-year. Goldman Sachs recently issued a research report stating that it expects TSMC's third-quarter revenue to grow 15.3% quarter-on-quarter (in U.S. dollar terms), with further growth of 11.0% in the fourth quarter, maintaining rapid expansion for the full year under strong support from AI and high-performance computing demand. Goldman Sachs forecasts third-quarter and fourth-quarter gross margins of 67.5% and 67.3%, respectively, a slight decline from 67.7% in the second quarter, mainly reflecting the short-term cost dilution effect brought by the N2 process ramp-up.