$DELTON(01989.HK), $CFMEE(09630.HK), and $HUA HONG GRACE(01347.HK) all fell by over 10%, while $SICC(02631.HK) also saw a drop of more than 10 points. $BASICSEMI(09971.HK) held up relatively better 😭.
Hong Kong's semiconductor sector, from equipment to substrates, was sold off in a liquidation-style dump. The A-share market was equally grim, with crowded trades in the domestic supply chain concentrating their exit.
Foundry capacity utilization is still climbing. This broad decline is driven by liquidity factors; after the drop, the rebound elasticity will likely be strongest in these names.
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