Hot Trades in Hong Kong Stocks (8.4)｜ Semiconductor and Gold Stocks Perform Strongly, Innoscience Surges Over 25%
August 4Hot trading industry trends and related Hong Kong stocks:
① Gold sector:
Gold stocks surged across the board, with Shandong Gold and Chifeng Gold rising over 9%.
Key drivers:
- Increased expectations of Fed rate cuts: Last Friday's U.S. non-farm payroll data or other key economic indicators showed signs of slowing U.S. economic growth, significantly boosting market expectations for a Fed rate cut in September or within the year.
- Rising geopolitical risks: Tensions in the Middle East have increased demand for safe-haven assets, with gold seeing inflows as a traditional defensive asset.
- Solid long-term support: The global central bank gold-buying trend remains unchanged, providing long-term support for gold prices.
Related Hong Kong stocks:
$CHIFENG GOLD(06693.HK)
$CHINAGOLDINTL(02099.HK)
$SD GOLD(01787.HK)
$ZHAOJIN MINING(01818.HK)
$TONGGUAN GOLD(00340.HK)
$ZIJIN MINING(02899.HK)
$CHI SILVER GP(00815.HK)
② Semiconductor sector
The semiconductor sector ended its previous adjustment phase and rebounded significantly.$INNOSCIENCE(02577.HK) became the focal catalyst today, as the company recently partnered with global AI leader $NVIDIA(NVDA.US) to jointly promote the large-scale adoption of 800 VDC (800-volt direct current) power architecture in AI data centers.
Key drivers:
- Strong domestic policy support expectations: Frequent policy incentives, accelerating the localization of AI computing chips.
- Signs of industry bottoming out: After a prolonged inventory reduction cycle in the global semiconductor industry, some segments (such as memory and certain analog chips related to consumer electronics) are showing signs of bottoming out.
- Valuation recovery demand: Hong Kong-listed semiconductor stocks are relatively undervalued, with policy tailwinds and industry recovery expectations driving technical rebounds and valuation repairs.
Related Hong Kong stocks
$INNOSCIENCE(02577.HK)
$SMIC(00981.HK)
$HUA HONG SEMI(01347.HK)
$SHANGHAI FUDAN(01385.HK)
$CE HUADA TECH(00085.HK)
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