Hong Kong semiconductor stocks surged! HG SEMI soared over 312%, while SMIC rose more than 22%

China Finance Online
2024.10.04 07:45
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In the afternoon, semiconductor stocks in the Hong Kong stock market saw an expanded increase, with HG SEMI soaring over 312% at one point and SMIC rising over 22%. International investment banks are paying attention to semiconductor investment opportunities, with foreign institutions such as Temasek and Sequoia Capital frequently conducting research on listed semiconductor companies. CICC International believes that there may be an opportunity for a re-rating of the semiconductor industry, expecting the market momentum to continue in the short term, with Hong Kong semiconductor stocks having upside potential

International investment banks once again focus on semiconductor investment opportunities, with semiconductor stocks on the Hong Kong stock market continuing to rise in the afternoon, HG SEMI surged over 312% at one point, JM Semiconductor soared over 90%, Shanghai Fudan, Huahong Semiconductor rose over 25%, and SMIC rose over 22%.

Since the third quarter, top foreign institutions have been paying close attention to the A-share market, especially showing strong interest in the semiconductor sector. Well-known institutions such as Temasek, Sequoia Capital, BlackRock, Goldman Sachs, and Morgan Stanley have frequently appeared in the research lists of many semiconductor listed companies. CICC International predicts that there may be an opportunity for a re-rating of the semiconductor industry. Market momentum may continue in the short term, especially for semiconductor stocks listed in Hong Kong. It is believed that Hong Kong semiconductor stocks will have upward potential driven by improved market sentiment and capital inflows