---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40762741.md"
description: "$SMIC(00981.HK)$HUA HONG GRACE(01347.HK)$Hang Seng TECH Index(STECH.HK)Worst-case scenario: 1. China resumes imports of NVIDIA chips, even higher-end ones; 2. Q1 earnings fall short of expectations; 3. Next quarter's outlook also falls short of expectations."
datetime: "2026-05-14T08:05:27.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40762741.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40762741.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40762741.md)
author: "[Ulysses Zheng](https://longbridge.com/en/profiles/15415518.md)"
---

# $SMIC(00981.HK)$HUA HONG GRACE(01347.HK)$Hang Seng…


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