--- title: "Hong Kong stock movement: SICC fell 10.42%, can the increase in foreign exchange derivatives stabilize the stock price?" type: "News" locale: "en" url: "https://longbridge.com/en/news/286708520.md" description: "SICC fell 10.42%; ASMPT rose 3.02%, with a transaction volume of HKD 387 million; Xiexin Technology fell 1.12%, with a transaction volume of HKD 94.76 million; Xinyi Solar fell 4.35%, with a transaction volume of HKD 76.27 million; Hantian Tiancheng fell 2.11%, with a market value of HKD 45.3 billion" datetime: "2026-05-18T03:27:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286708520.md) - [en](https://longbridge.com/en/news/286708520.md) - [zh-HK](https://longbridge.com/zh-HK/news/286708520.md) --- # Hong Kong stock movement: SICC fell 10.42%, can the increase in foreign exchange derivatives stabilize the stock price? **Hong Kong Stock Movement** SICC fell 10.42%. Based on recent key news: 1. On May 18, SICC announced an increase in its foreign exchange derivative trading limit from USD 100 million to USD 500 million to address foreign exchange risk exposure and enhance financial stability. This move aims to lock in operational earnings, reduce exchange losses, reasonably lower financial costs, and ensure the stability of operational performance. (Economic Information Daily) 2. On May 16, the silicon carbide industry performed poorly amid rising chip demand. SICC is expanding into high-growth sectors, but this is not closely related to advanced packaging technology, and the intense industry competition is affecting stock price performance. (Everyday Economic News) 3. On May 15, the semiconductor sector was recently active, with SICC surging 18% in Hong Kong stocks, but subsequently experiencing a pullback, influenced by market sentiment fluctuations affecting stock prices. (Ministry of Commerce data) The semiconductor sector has been active recently, with significant capital inflow. **Stocks with High Trading Volume in the Industry** ASMPT rose 3.02%. Based on recent news, 1. On May 15, ASMPT recorded a large pre-market transaction with a trading volume of HKD 260 million, and the stock price increased by 1.25%. This transaction indicates strong market interest in the stock, driving the price up. 2. On May 18, Citigroup released a report stating that the Chinese semiconductor sector rebounded supported by AI sentiment, with ASMPT being favored, and the industry outlook improved, leading to a rise in stock price. 3. On May 18, Citigroup believed that the increase in capital expenditure by Chinese cloud service providers would drive domestic supply and demand improvement, benefiting ASMPT as a backend equipment supplier, further boosting its stock price. The semiconductor sector rebounded supported by AI sentiment. GCL-Poly Energy fell 1.12%. Based on recent key news: 1. On May 18, GCL-Poly Energy announced a strategic transformation and upgrade, planning to shift from a single champion in granular silicon to a global multi-product new energy materials platform. This move aims to address structural opportunities in the global new energy market and drive stock price volatility. Source: Caihua News 2. On May 17, GCL-Poly Energy released an announcement emphasizing its technological advantages in silicon-based materials and plans to expand into lithium batteries and advanced materials. This strategic transformation is seen as an important measure to respond to the cyclical adjustments in the photovoltaic industry. Source: Zhito Finance 3. On May 18, GCL-Poly Energy announced its international layout for lithium iron phosphate and silicon-carbon anodes, planning to promote market penetration through industrial capital cooperation and the establishment of overseas operational entities. This move is considered an important step to enhance market share. Source: Economic Information Daily The transformation of the new energy industry is accelerating, with significant market volatility. Xinyi Solar fell 4.35%, with a trading volume of HKD 76.27 million, and there has been no significant news recently. Trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Market Capitalization in the Industry** Hantian Tiancheng fell 2.11%. Based on recent key news: 1. On May 15th, Han Tian Cheng triggered a daily MACD zero-axis golden cross signal in the Hong Kong stock market, indicating an increase in capital activity. The transaction amount was approximately HKD 95.78 million, reflecting that some funds are actively positioning. The semiconductor materials sector is catalyzed by both policy and industry, and Han Tian Cheng, as a core player in silicon carbide epitaxial wafers, is expected to benefit from the sector rotation effect. Source: Zhitong Finance 2. On May 14th, strong global demand for AI hardware has led to a continued shortage of upstream semiconductor equipment and materials, providing support for the company's fundamentals. From a technical perspective, Han Tian Cheng's recent trading volume has gradually increased, indicating that outside funds are entering the market in batches. Source: Zhitong Finance 3. On May 13th, data from the Ministry of Commerce showed a significant increase in integrated circuit trade in the first four months, with the improvement in the industry chain's prosperity driving demand for upstream materials. As a professional manufacturer in the silicon carbide epitaxial wafer field, Han Tian Cheng benefits from the recovery of industry prosperity. Source: Zhitong Finance. 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