---
title: "Market Analysis | Semiconductor stocks plummeted significantly, with Shanghai Fudan dropping over 18% and Hua Hong Semiconductor falling over 11%"
description: "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; H"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/216140321.md"
published_at: "2024-10-08T02:20:07.000Z"
---

# 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

### Related Stocks

- [688981.CN - SMIC](https://longbridge.com/en/quote/688981.CN.md)
- [00981.HK - SMIC](https://longbridge.com/en/quote/00981.HK.md)
- [688347.CN - Hua Hong](https://longbridge.com/en/quote/688347.CN.md)
- [01347.HK - HUA HONG SEMI](https://longbridge.com/en/quote/01347.HK.md)
- [688385.CN - FMSH](https://longbridge.com/en/quote/688385.CN.md)
- [01385.HK - SHANGHAI FUDAN](https://longbridge.com/en/quote/01385.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Hua Hong reports record Q4 revenue as AI-driven memory crunch fuels price hikes | Hua Hong Semiconductor reported record Q4 revenue of $660 million for 2025, a 22.4% increase year-over-year, driven by h | [Link](https://longbridge.com/en/news/275885635.md) |
| New Buy Rating for Semiconductor Manufacturing International (0981), the Technology Giant | BOCOM International Holdings has maintained a Buy rating on Semiconductor Manufacturing International (0981) with a pric | [Link](https://longbridge.com/en/news/275982327.md) |
| Nomura Reaffirms Their Hold Rating on Hua Hong Semiconductor Ltd. (1347) | Nomura has reaffirmed a Hold rating on Hua Hong Semiconductor Ltd. (1347) as of February 12, setting a price target of H | [Link](https://longbridge.com/en/news/275957109.md) |
| Hua Hong Semiconductor Wins Shareholder Backing for Acquisition and Capital-Raising Plan | Hua Hong Semiconductor Ltd. has received shareholder approval for its acquisition and capital-raising plan during an ext | [Link](https://longbridge.com/en/news/275504444.md) |
| Is Revenue Growth Amid Profit Compression Reshaping the Investment Case for Fudan Microelectronics (SEHK:1385)? | Shanghai Fudan Microelectronics Group anticipates revenue growth for 2025, projecting between RMB 3.93 billion and RMB 4 | [Link](https://longbridge.com/en/news/273706076.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.