According to the Wisdom Joins Finance APP, semiconductor stocks continue to fall. As of press time, Hua Hong Semiconductor (01347) fell 3.43%, reporting HKD 22.5; Semiconductor Manufacturing International Corporation (00981) fell 3.11%, reporting HKD 17.42; Shanghai Fudan (01385) fell 1.79%, reporting HKD 12.04.

On the news front, the market analysis institution Omdia report shows that after three consecutive quarters of growth, the global semiconductor market shrank by 2% in the first quarter of this year, with a single quarter scale of USD 151.5 billion and an annual growth of 25.7% compared to the same period last year. The report pointed out that due to overall weak demand, most of the sub-categories of the semiconductor market showed a decline last quarter.

In addition, on June 21, the U.S. Treasury Department's official website released a 165-page draft of the proposed rulemaking aimed at restricting Americans from investing in China's semiconductor and microelectronics, quantum information technology, and artificial intelligence sectors. First Securities believes that external restrictions will stimulate more internal policy support and capital investment, enabling technological breakthroughs and business growth, ultimately reflecting investment industry beta opportunities in the secondary market.