A-Share Three Major Indices Gain 0.7%-1.4% at Midday; HUA HONG GRACE Surges Over 9%, SMIC Up 3%
AASTOCKS News·- The central parity rate of RMB against USD was set at 6.7829, and the PBOC injected RMB 239.5 billion via seven-day reverse repos. - The three major A-share indices gained 0.7% to 1.4% by midday, with the Shanghai Composite Index reclaiming the 3,900 level to close at 3,916. - Individual stock performances included HUA HONG GRACE surging over 9% and SMIC rising 3%, alongside mixed movements across banking, insurance, and semiconductor sectors.New Buy Rating for Semiconductor Manufacturing International (0981), the Technology Giant
Tip Ranks·- Semiconductor Manufacturing International received a Buy rating from China Renaissance with a price target of HK$ 142.00. - DBS also issued a Buy rating for the company in a report on August 18. - Meanwhile, J.P. Morgan maintained a Hold rating on the stock on August 16.The Memory Squeeze Refuses To Die
ZeroHedge·- The memory squeeze has entered a new phase, evolving from an AI-specific capacity problem into a broad memory pricing shock. - HBM and conventional DRAM initiated this trend, while NAND is now transitioning to vertical production. - This market dynamic creates an earnings windfall upstream and an increasingly painful margin problem downstream.Prescient warns AI-driven chip rally erodes global equity diversification benefits
PUBT·- Prescient analysis reported that the AI-driven chip rally is eroding global equity diversification benefits by increasing cross-border market risks. - By late July 2026, the 60-day Kospi–Nasdaq 100 correlation reached approximately 0.5, alongside high market concentration in top tech firms. - China chip-equipment developments triggered synchronized semiconductor selloffs, while tight investment loops and capital expenditure strains elevate downside contagion risks.Memory prices to peak this year in upcycle turning point, research suggests
SCMP·- Global memory-chip stocks are retreating as cooling price growth and rising inventories signal that the sector's upcycle is nearing its late stage. - Bernstein Research reported that conventional DRAM contract price increases are projected to slow to about 17 per cent in the third quarter compared to 65 per cent in the previous period. - Despite aggressive supply expansions by Chinese producers like CXMT and YMTC, major financial institutions project that memory market shortages will persist until at least 2028 due to robust AI demand.