Semiconductor stocks plummeted significantly. As of the time of publication, Shanghai Fudan (01385) fell by 18.7%, closing at HK$20; Contel (01912) fell by 18.92%, closing at HK$0.15; Hua Hong Semi (01347) fell by 11.52%, closing at HK$28.7.
According to the Securities Times app, semiconductor stocks plummeted significantly. As of the time of publication, Shanghai Fudan (01385) fell by 18.7%, closing at HK$20; Contel (01912) fell by 18.92%, closing at HK$0.15; Hua Hong Semi (01347) fell by 11.52%, closing at HK$28.7; HG Semi (06908) fell by 7.89%, closing at HK$1.4; Semiconductor Manufacturing International Corporation (00981) fell by 5.86%, closing at HK$31.35.
On the news front, the Hong Kong stock chip semiconductor sector plummeted significantly this morning, after two trading days of surging on high volume. Semiconductor Manufacturing International Corporation rose more than 52% in two days, while Hua Hong Semi rose by 47% in two days. Analysts believe that the short-term outbreak of Hong Kong chip stocks is closely related to market sentiment. Reviewing historical trends reveals that every major bull market kick-off 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.
