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Market quick glance | The three major Indices showed mixed results, with the tech index slightly rising, Xiaomi and Tencent increasing nearly 3%; Semiconductors stocks were strong, with Semiconductor Manufacturing International Corporation rising over 8%;
Network Technology stocks performed poorly, KUAISHOU-W fell by 5.42%, Alibaba-W dropped by 3.44%; most Coal Industrial Concept stocks declined, SOUTHGOBI fell by 12.02%, China Coal Energy dropped by 6.37%; many Hong Kong Retail Stocks fell, PRADA decreased by 3.80%, BOSSINI INT'L dropped by 3.48%;
Hong Kong stock market midday review | All three Indexes rose, Semiconductors and Tencent Related stocks strengthened, Weimob surged over 16%, Semiconductor Manufacturing International Corporation rose over 10%, and Tencent increased over 3%.
Network Technology stocks generally fell, KUAISHOU-W dropped 4.65%, Alibaba-W fell 3.32%; many Coal Industrial Concept stocks declined, SOUTHGOBI fell 8.50%, China Coal Energy dropped 5.01%; Mobile Game stocks rose, BOYAA fell 5.06%, TENCENT increased 3.08%;
Funds continue to flock to the market! The Hong Kong stock market's semiconductor sector further rises: HG SEMI increases by over 12%, Semiconductor Manufacturing International Corporation rises by over 10%.
On December 20th, Gelonghui reported that recent AI product launches and updates from ByteDance, ChatGPT, Google, and others have led to renewed enthusiasm for the semiconductor Sector among market investors. Hong Kong stocks in the semiconductor Sector further surged during the day, with CONTEL rising over 35%, HG SEMI rising over 12%, Semiconductor Manufacturing International Corporation rising over 10%, SOLOMON SYSTECH rising over 7%, BRAINHOLE TECH and HUA HONG SEMI rising nearly 7%, SHANGHAI FUDAN rising nearly 6%, CE HUADA TECH rising over 3%, and INGDAN rising over 1%. Industry insiders believe that the trend toward self-controllable semiconductor Industry is inevitable, with the acceleration of domestic manufacturing.
Hong Kong Stock Market Midday Review | All three major Indices fell, the Technology Index decreased by about 2%; the technology sector, domestic real estate, and China-Affiliated Brokerage stocks declined, SUNAC fell over 6%, CITIC SEC dropped over 4%, an
Network Technology stocks performed poorly, SenseTime-W fell by 3.21%, MEITUAN-W dropped by 2.84%; Golden Industrial Concept stocks generally declined, RA SILK ROAD increased by 7.46%, LINGBAO GOLD fell by 4.75%; Semiconductors stocks weakened, SHEEN TAI rose by 5.82%, Semiconductor Manufacturing International Corporation decreased by 3.87%;
[Brokerage Focus] Citic Securities suggests that the future difficulty for mainland Chinese chip companies to obtain advanced processes may increase. In the long term, the scarcity of advanced processes in domestic wafer factories will be strengthened.
Jingu Finance | Citic Securities stated that against the backdrop of the possibility of Trump coming to power exacerbating technology competition, the market's concerns about stricter control over the access of Mainland Chinese companies to Taiwan Semiconductor's advanced process chip foundry services from the USA have intensified. For Mainland Chinese companies, especially AI chip companies, the "available advanced process" in Mainland China and the international advanced process have become two separate supply chain systems, with domestic-related wafer fabs expanding production relying on domestic equipment supply chains, long-term expanding revenue growth space, and expecting profitability improvement. In the current complex and ever-changing international environment, Mainland Chinese chip companies in the future will be able to access advanced chips.
Contel Technology Alters Financial Year-End Strategy
