---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42419450.md"
description: "$HUA HONG GRACE(01347.HK) fell four percentage points, while $INNOSCIENCE(02577.HK) and $ASMPT(00522.HK) actually rose four to five percentage points instead. The Hong Kong stock semiconductor sector has diverged.Wafer foundry is following U.S. stocks in valuation compression, while gallium nitride power devices and advanced packaging equipment have bucked the trend and strengthened. Is it that advanced packaging and third-generation semiconductors truly have independent order support, or is it simply Hong Kong stock funds rotating within the sector? It looks more like the former—the demand certainty for AI packaging and power devices is indeed firmer than that for generic foundry in this wave."
datetime: "2026-07-03T10:50:19.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42419450.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42419450.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42419450.md)
author: "[coco](https://longbridge.com/en/profiles/26788081.md)"
---

# $HUA HONG GRACE(01347.HK) fell four percentage poi…


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