---
title: "U.S. Stock Market News | SMIC Semiconductor Manufacturing International Corporation opened significantly higher, rising more than 10%. Today, the semiconductor sector in the Hong Kong stock market once saw an increase of over 50%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/215973782.md"
description: "At the opening of the US stock market on Friday, SMIC surged significantly, with an increase of over 10%, trading at $20.87 with a turnover of $55.35 million. The semiconductor sector in the Hong Kong stock market as a whole once surged by more than 50%, with HG SEMI's increase exceeding 270%. CICC pointed out that the recent stimulus policies introduced by the central government have driven a significant rise in the Chinese market, with strong performance in the semiconductor and communication sectors, expecting the industry to have opportunities for revaluation"
datetime: "2024-10-04T14:55:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/215973782.md)
  - [en](https://longbridge.com/en/news/215973782.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/215973782.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/215973782.md) | [繁體中文](https://longbridge.com/zh-HK/news/215973782.md)


# U.S. Stock Market News | SMIC Semiconductor Manufacturing International Corporation opened significantly higher, rising more than 10%. Today, the semiconductor sector in the Hong Kong stock market once saw an increase of over 50%

According to Zhitong Finance, on Friday's opening of the US stock market, ACM Research (ACMR.US) opened significantly higher by over 10%, and as of the time of publication, it has risen by 10.42% to $20.87, with a trading volume of $55.35 million.

On the news front, the semiconductor sector in the Hong Kong stock market saw an overall increase of over 50% today, ranking first in terms of market gains. Among them, HG SEMI's increase once expanded to over 270%.

CICC stated that with recent stimulus policies from the central government, the Chinese market (A-shares and H-shares) has risen significantly, with the semiconductor and communication sectors experiencing substantial gains. By the end of September 2024, the semiconductor sector index surged by 15.5%. From September 23 to September 30, the average price increase of semiconductor A-share groups and optoelectronic/telecom groups was 37% and 32% respectively. CICC expects opportunities for revaluation in the semiconductor industry. The market momentum may continue in the short term, especially for semiconductor stocks listed in Hong Kong

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- [HG SEMI (06908.HK)](https://longbridge.com/en/quote/06908.HK.md)

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