---
title: "SMIC falls 5% in HK as global chip rout hits sentiment"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296293236.md"
description: "SMIC falls 5% in HK as overnight Philly Semi Index plunge and 20-year high US yields weigh on chip stocks globally"
datetime: "2026-08-19T02:40:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296293236.md)
  - [en](https://longbridge.com/en/news/296293236.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296293236.md)
generator: "portal-rs"
---

# SMIC falls 5% in HK as global chip rout hits sentiment

Semiconductor Manufacturing International (981.HK) **fell** 5% in Hong Kong trading to HK$**71.95**, tracking a global chip-sector selloff. Turnover reached approximately HK$**3.42 billion**.

The Philadelphia Semiconductor Index dropped nearly 5% overnight, while South Korea's KOSPI slid over 5%, with Samsung and SK Hynix losing more than 6%. Hong Kong-listed chipmakers opened sharply lower across the board. Rising U.S. long-term Treasury yields — near two-decade highs — and escalating U.S.-Iran tensions pushed oil prices higher, stoking inflation concerns and dampening risk appetite.

SMIC's fundamentals remain solid. Second-quarter revenue reached **$3.01 billion**, up **36.1%** year on year, while net profit surged **261.7%** to **$479 million**. Capacity utilization climbed to **93.7%**. Management guided third-quarter revenue growth of 2%–4% sequentially with gross margin of 26%–28%, both above consensus. Goldman Sachs, Citigroup and CMB International have raised price targets while maintaining buy ratings. Southbound funds were net buyers for six consecutive sessions, accumulating nearly HK$**4.93 billion**. Today's decline likely reflects short-term profit-taking pressure across the global chip sector rather than company-specific deterioration.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**