Market Analysis | Semiconductor stocks plummeted significantly, with Shanghai Fudan dropping over 18% and Hua Hong Semiconductor falling over 11%
Semiconductor stocks plunged sharply. As of the time of publication, Shanghai Fudan fell by 18.7% to HKD 20; Kangtelong fell by 18.92% to HKD 0.15; Hua Hong Semiconductor fell by 11.52% to HKD 28.7; Hongguang Semiconductor fell by 7.89% to HKD 1.4; SMIC fell by 5.86% to HKD 31.35. On the news front, the chip semiconductor sector in the Hong Kong stock market plummeted sharply this morning, after surging on high volume in the previous two trading days. SMIC surged more than 52% over the past two days, while Hua Hong Semiconductor surged 47%. Analysts believe that the short-term outbreak of chip stocks in the Hong Kong stock market is closely related to fund sentiment. Reviewing historical market trends, it is not difficult to find that every major market rally often sees technology stocks being the first to be favored by funds. In addition, analysis points out that the strong fundamental recovery is also a major reason for funds flowing into the semiconductor sector
According to the information from Zhitong Finance APP, semiconductor stocks plummeted significantly. As of the time of publication, Shanghai Fudan (01385) fell by 18.7% to HKD 20; Konka Group (01912) fell by 18.92% to HKD 0.15; Hua Hong Semiconductor (01347) fell by 11.52% to HKD 28.7; Hongli Semiconductor (06908) fell by 7.89% to HKD 1.4; SMIC (00981) fell by 5.86% to HKD 31.35.
On the news front, the semiconductor sector in the Hong Kong stock market plummeted sharply this morning. In the previous two trading days, there was a significant surge in trading volume. SMIC surged more than 52% over the past two days, while Hua Hong Semiconductor surged 47% over the same period. Analysts believe that the short-term outbreak of semiconductor stocks in the Hong Kong stock market is closely related to market sentiment. Reviewing historical market trends, it is not difficult to find that every major market rally often sees technology stocks being the first to attract funds. In addition, analysts point out that the strong fundamental recovery is also a major reason for the influx of funds into the semiconductor sector