The Hang Seng Index fell 1.14% at midday, and the Hang Seng Tech Index dropped 2%

36Kr learned that the Hang Seng Index fell 1.14% during the midday break, and the Hang Seng Tech Index dropped 2%; the semiconductor and consumer sectors led the decline, with POP MART down over 5%, HG SEMI down over 4%, and SMIC down over 2%; the autonomous driving concept weakened, with XPeng down over 13% and WeRide down over 12%; the chemical and building materials sectors saw the largest gains, with Longpan Technology up over 8% and Huaxin Cement up over 3%; southbound funds had a net purchase of HKD 5.116 billion

The Hong Kong stock semiconductor sector fell at the beginning of trading, with SMIC and HUA HONG SEMI down over 4%, SHANGHAI FUDAN down over 3%, and INNOSCIENCE and HG SEMI down 2%

Understanding the Market | Chip Stocks Continue Recent Uptrend, Shanghai Fudan Rises Over 4%, Hua Hong Semiconductor Rises Over 3%

Chip stocks continue their recent upward trend. As of the time of publication, Shanghai Fudan is up 4.71%, trading at HKD 43.6; Hua Hong Semiconductor is up 3.12%, trading at HKD 89.2; HG SEMI is up 1.92%, trading at HKD 0.53; SMIC is up 1.75%, trading at HKD 84.25. Huaxin Securities pointed out that domestic technology assets are rapidly appreciating, especially core AI computing assets are experiencing rapid value growth. This is mainly due to the domestic investment in high-end AI computing gradually becoming industrialized and undergoing rapid iteration. The era of domestic AI chips has arrived, with the domestic AI industry chain achieving full integration from upstream advanced processes to advanced packaging, and downstream model acceleration and iteration upgrades by Byte, Alibaba, and Tencent. There is a strong optimism regarding the accelerated breakthroughs in domestic AI computing facilities. Minsheng Securities stated that under the backdrop of major power technology competition, the trend of core software and hardware localization is inevitable. Domestic computing power is expected to resonate with domestic software, jointly promoting the construction of a localized ecosystem, thereby achieving the important goal of high-level technological self-reliance and strength

Hong Kong semiconductor stocks strengthen, INNOSCIENCE rises over 13%

As of the time of publication, INNOSCIENCE is up 13.18%, SOLOMON SYSTECH is up 3.77%, CE HUADA TECH is up 3.03%, and HG SEMI is up 1.79%

Hong Kong stocks in the semiconductor sector quickly plummeted in the afternoon, with Hua Hong Semiconductor falling over 6.5%, having previously risen over 9%. SMIC dropped over 6%, after once rising nearly 5%. Shanghai Fudan, HG SEMI, and others all fell over 5%