UB#SMIC RC2609B

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STARGLORY HLDGS

INTELLIMARK W27

BEST FOOD HLDG

GAOYU FINANCE

EXTREME VISION

TIAN TU CAPITAL

HSC RESOURCES

EPI (HOLDINGS)

LAP KEI ENGRG

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Chinese semiconductor firms have achieved record revenues, driven by strong domestic AI demand and U.S. export restrictions. Companies like SMIC and Hua Hong reported significant revenue increases, with expectations for continued growth. The U.S. curbs have accelerated China's push for tech self-sufficiency, leading to increased demand for domestic alternatives. However, Chinese firms still lag in technological capabilities compared to global leaders like TSMC. Despite challenges, the sector is capitalizing on high demand for memory chips and AI infrastructure, indicating a robust growth trajectory for the industry.

- Chinese semiconductor firms achieved record revenues in 2025, driven by AI demand, memory chip shortages, and U.S. export restrictions.  
- Analysts predict continued growth, with major players like Semiconductor Manufacturing International Co. (SMIC) and ChangXin Memory Technologies (CXMT) reporting significant increases in revenue.  
- Despite this success, Chinese companies face challenges in technological capability and access to advanced manufacturing tools, impacting their ability to compete with leading global firms.

CNBC

SMIC

Hua Hong

HUA HONG SEMI

Taiwan Semiconductor

Invesco Semiconductors ETF

Harvest SSE STAR Chip ETF

GraniteShares 2x Long TSM Daily ETF

E Fund CSI Semiconductor Material & Equipment Thematic ETF

VanEck Semiconductor ETF

ChinaAMC CSI Semiconductor Material & Equipment Thematic ETF

First Trust Nasdaq Food & Semicon

Direxion Semicon Bull 3X

SPDR S&P Semicon

Guotai CSI All Share Integrated Circuit ETF

ICBCCS CNI HK Connect Technology ETF

China Merchants CSI Semiconductor Industry ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

ChinaAMC Guozheng Semiconductor Chip ETF

GX CN SEMICON

iShares Semiconductor ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Guotai CES Semiconductor Chip Industry ETF

Harvest CSI All Share Integrated Circuit ETF

Rayliant-ChinaAMC Trnsfrmtv Chn Tech ETF

GF Fund CSI Semiconductor Material Equipment Theme ETF

GX CN SEMICON-U

Leverage Shares 2X Long TSM Daily ETF

Direxion Daily TSM Bull 2X Shares

Chinese chip firms hit record high revenue driven by the AI boom and U.S. curbs

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Hong Kong's three major indices closed lower today, with the Hang Seng Index and the Hang Seng Tech Index undergoing significant corrections, reflecting safe-haven sentiment and short-term volatility under market pressure. Certain auto and resource stocks performed strongly, with Shandong Molong and Geely Automobile attracting concentrated capital, indicating a structural divergence in market focus. As fluctuations in external trade and the macroeconomic environment persist, investors should monitor policy guidance, exchange rates, and international capital flows. This article summarizes the performance of major sectors, market focus stocks, and active trading directions

- On April 2, Hong Kong's stock indices experienced significant declines, with the Hang Seng Index closing at 25,116.53 points, down 0.70%.  
- The market sentiment was pressured by fluctuating import-export rates, leading to uncertainty in corporate profit expectations.  
- Mixed sector performances were noted, with notable gains in select stocks like Geely Automobile, which rose 8.37%, while major tech stocks like Alibaba and Xiaomi faced declines.

LB Select

BABA-W

TENCENT

MEITUAN

GEELY AUTO

CNOOC

SHANDONG MOLONG

ZHIDA TECH

HK.AI CAPITAL

YOFC

POP MART

Hong Kong Market Close | Three major indices fall across the board, tech sector leads declines, while auto and resource stocks remain active against the trend

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On April 2, the three major Hong Kong stock indices were under overall pressure during intraday trading, with the Hang Seng Tech Index falling by over 2%. Profit-taking pressure was released, and market sentiment remained weak. The internet sector collectively declined, with Alibaba and Xiaomi both dropping more than 4%. Shandong Molong delivered a standout performance, surging 19.90% against the trend during the session, with turnover exceeding HK$3.1 billion. On the macro front, focus remains on import/export fluctuations and PMI data, as the foundation for economic recovery still needs consolidation

- As of April 2, Hong Kong's major stock indices faced pressure, with the Hang Seng Index dropping 1.30% to 24,965.78 points.  
- The electronics sector struggled due to weak downstream demand, influencing major companies like TCL Electronics and Skyworth, while the internet content sector declined amid tighter regulations and overall market adjustments.  
- Investors are closely monitoring external trade data amid ongoing economic recovery concerns, with specific stocks like Shandong Molong and Geely Automobile showing significant gains.

Market Heartbeat

Tencent

E Fund CSI HK Connect Internet ETF

Yinhua MSCI China A ETF

iShares MSCI China

KraneShares 2x Long BABA Daily ETF

Hwabao CSI HK Equities Internet ETF

Krne Csi China Internet

Invesco Golden Dragon China

BABA 2x Long Daily ETF - GraniteShares

iShares China Large Cap

Global X E-commerce ETF

Direxion FTSE China Bull 3X

Tencent Holdings Limited

TCL ELECTRONICS

SKYWORTH GROUP

SUNNY OPTICAL

XIAOMI-W

KNOWLEDGE ATLAS

HK Stocks Intraday | Tech Stocks Under Pressure as Alibaba Falls 4.07%; Shandong Molong Surges 19.90% Against the Trend

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The three major A-share indices fell by 0.5% to 1.8% in the first half of the day, with the Shanghai Composite Index down 20 points to 3,927 points, the Shenzhen Index down 158 points to 13,548 points, and the ChiNext down 57 points to 3,189 points. Domestic bank stocks rose against the trend, with ICBC and CCB up 1% and 1.4% respectively. Shipping stocks performed strongly, with CMES and NJTC rising 8.7% and 8.2% respectively. Chip stocks generally declined, with SMIC down 2.7% and Hua Hong down 3.4%. International oil prices remained high, and oil and gas stocks performed well

AASTOCKS

NJTC

SSE Index

WP CSI Banks ETF

Shenzhen Index

ICBC

Hwabao WP CSI Banks ETF

ChinaAMC CSI Banks ETF

ChiNext

Huaan CSI Banks ETF

CMES

Fullgoal CSI 800 Banks ETF

The three major A-share indices of the Shanghai and Shenzhen stock exchanges fell by 0.5% to 1.8% in the first half of the day, with chip stocks declining while shipping and innovative pharmaceutical concept stocks continued to rise

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The computing power leasing concept became active again, with AURORA hitting its daily limit six times in 11 days, NB CONSTRUCTION surging to the daily limit, Hongjing Technology rising over 10%, and UCloud, Capitalonline, Shunwang Technology, and Canatal following suit. Hong Kong chip stocks surged collectively, with ILUVATAR COREX jumping nearly 12%, HUA HONG SEMI and BIREN TECH rising nearly 6%, and SMIC and SHANGHAI FUDAN increasing by over 3%

- On April 1, both A-shares and Hong Kong stocks opened significantly higher as geopolitical tensions in the Middle East eased, with signals from Iran and the U.S. indicating a willingness to end conflicts.  
- The A-share market saw all three major indices rise over 1%, driven by a surge in computing hardware and chip sectors, while in Hong Kong, the Heng Seng Index opened 2% higher and experienced a slight pullback.  
- In the bond market, government bond futures fluctuated, with mixed movements observed across commodity futures, including gains in precious metals but declines in crude oil and coal.

Wallstreetcn

Canatal

UCloud

ILUVATAR COREX

BIREN TECH

AURORA

Capitalonline

Shunwang Technology

Hang Seng Index

SHANGHAI FUDAN

FMSH

NB CONSTRUCTION

AH Shares Rise Collectively: SSE Index Up 1%, Computing Power Hardware Explodes, Hang Seng Index Up 2%, Internet Tech Stocks Generally Rebound

The three major A-share indices rose throughout the day, with the Shanghai Composite Index up 1.5% to 3,948 points, the Shenzhen Component Index up 1.7% to 13,706 points, and the ChiNext Index up 2% to 3,247 points. The market rebound was driven by expectations of the end of the war in Iran. Chip stocks performed strongly, with SMIC up 2.4% and Hua Hong up 7.6%. Domestic bank stocks softened, with Industrial and Commercial Bank of China and China Construction Bank down 0.8% and 2.1%, respectively. Domestic real estate company Vanke rose 1.3%, CATL rose 1%, while BYD fell 2.5%

The three major A-share indices of Shanghai and Shenzhen rose by 1.5% to 2% throughout the day, driven by gains in chip and hotel stocks, while lithium mining stocks declined in the afternoon

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The three major A-share indices opened higher, rising between 1.2% and 2.2%. The market rebound is driven by expectations of the end of the Iran war. Domestic bank stocks softened, while domestic real estate company Vanke opened 1.3% higher. Chip stocks performed strongly, with SMIC opening 2.5% higher and HUA HONG SEMI opening 3.9% higher. Oil stocks were slightly weaker, with PetroChina and CNOOC opening lower. BOE opened 2.6% higher, planning to repurchase shares

The three major A-share indices of Shanghai and Shenzhen opened higher by 1.2% to 2.2%, chip stocks rebounded, and oil stocks were slightly weak

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On March 31, the three major Hong Kong stock indices collectively closed lower. Market sentiment was significantly pressured by macroeconomic data fluctuations and external environmental factors, with the Hang Seng Tech Index plunging to a near two-week low. The market displayed a clear characteristic of "heavyweight retreat, thematic activity": influenced by oil price volatility and performance expectations, the oil and gas sector and leaders such as YOFC were among the top decliners, while heavyweight tech stocks like Tencent, BABA-W, and Xiaomi also generally weakened. Overall, the market lacks upward momentum in the short term, and investors are focusing on sector rotation and structural opportunities guided by macroeconomic indicators

- On March 31, Hong Kong's three major indices fell collectively, with the Hang Seng Index closing at 24,788.14, showing a slight increase of 0.15%.  
- The Hang Seng Tech Index plummeted 0.86% to 4,649.82, reaching a near two-week low due to negative sentiment in the tech sector, while the China Enterprises Index dropped 0.30%.  
- Key stocks like Tencent and Baidu showed minor gains, but major declines were observed in stocks such as Xiaomi and Alibaba, confirming market pressures amidst external economic fluctuations.

SENSETIME-W

KUAISHOU-W

BIDU-SWR

UNITEDENERGY GP

SYNAGISTICS

SEYOND

PATEO

CMON

C TRANSMISSION

RONGZUN INT’L H

BYD COMPANY

Hong Kong Stock Market Closing | Three Major Indices Underperform, Tech and Oil/Gas Sectors Slump, Small-Cap Thematic Stocks Explode Against the Trend

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On March 30, major indices in the Hong Kong stock market pulled back simultaneously, with market risk aversion sentiment rising, leading the internet and retail sectors to fall. Tencent Holdings, Alibaba, and other heavyweights faced significant pressure, with funds rotating to resource stocks, and WANGUO GOLD GP and CHIFENG GOLD showing active trading. Macroeconomically, although there were signs of recovery, the momentum was insufficient, leading to strong short-term wait-and-see sentiment among investors, while YOFC saw a significant surge

- On March 30, Hong Kong stocks showed a collective decline, with the Hang Seng Index at 24,800.69, down by 0.61%, failing to reach previous highs from March 27.  
- Key sectors like internet content and retail experienced declines, reflecting cautious market sentiment, while only a few stocks such as Changfei Optical Fiber bucked the trend with notable gains.  
- Overall, the market's weak momentum indicates ongoing concerns about external factors, and participants are closely watching policy effects and currency fluctuations.

WANGUO GOLD GP

CHIFENG GOLD

JIAXIN INTL RES

REMEGEN

CHINA SHENHUA

Hang Seng Index Falls 0.87% Intraday, YOFC Surges 13% Against Trend

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As of midday March 30, 2026, the three major Hong Kong stock market indices were collectively under pressure, with the Hang Seng Index falling 0.93% and the Hang Seng Tech Index down 1.70%. The Internet Content and Information sector and the Retailers sector generally weakened, led by blue-chip stocks such as Tencent Holdings and Alibaba. Despite rising market caution, POP MART rose against the trend by 2.01%, and resource-related stocks like C&C International Resources and Chalco Shandong performed strongly. Overall trading volume was concentrated in blue-chip stocks, and further attention needs to be paid to whether the trading volume can support a test of previous highs

- As of March 30, 2026, Hong Kong's three major stock indices are facing pressure, with the Hang Seng Index down 0.93% to 24,719.2 points.  
- Market sentiment is cautious, particularly in the internet content and retail sectors, with significant declines for major companies like Tencent and Alibaba.  
- Resource stocks have attracted investor interest, showing resilience amidst a broader market downturn, as seen in the performance of stocks like Jiexin International Resources and Pop Mart.

INSILICO

SINOPEC CORP

Hang Seng TECH Index

Hong Kong Stocks Midday Review: Hang Seng Index Down 0.93%, Tech Stocks Weak; POP MART Rises Against Trend by 2.01%

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On March 30, intraday sentiment in the Hong Kong stock market was weak, with the three major indices collectively pulling back. The Hang Seng TECH Index fell by 2.90%. The internet, retail, and jewelry sectors led the market decline, with Tencent Holdings and Alibaba both dropping over 3%, and MEITU plunging over 8%. Despite the market pressure, CHALIECO rose nearly 20% against the trend. Market turnover was concentrated in technology heavyweight stocks, reflecting that funds remained active in trading amidst the adjustment

- As of March 30, Hong Kong stocks faced pressure, with major indices retreating amidst weak market sentiment.  
- The Hang Seng Index fell by 1.92% to 24,473.42, while the Hang Seng Tech Index dropped 2.90%, indicating a lack of upward momentum.  
- Investors are closely monitoring export and retail data, with macroeconomic pressures impacting market revaluation based on economic recovery pace and policy signals.

Alibaba

CHALIECO

MNSO

CTG DUTY-FREE

CHOW TAI FOOK

CALB

JD-SW

AKESO

CSOP HS TECH

MEITU

Hong Kong Stocks Intraday | Hong Kong Stocks Slide Intraday; Tech Index Drops 2.90%, CHALIECO Rises Against the Trend

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China's largest chipmaker, SMIC, reportedly supplied chipmaking tools to Iran's military, raising concerns about U.S.-China relations amid the ongoing U.S.-Iran conflict. The tools may violate U.S. sanctions if of American origin, and cooperation likely included technical training. SMIC, which has faced U.S. trade restrictions since 2020, has denied military ties. This development comes as President Trump prepares to meet with President Xi Jinping, potentially escalating tensions as the U.S. seeks to limit China's chip industry while Iran pursues military deals with China.

- China's largest chipmaker, SMIC, allegedly supplied chipmaking tools to Iran's military, potentially escalating tensions between Washington and Beijing amid the U.S.-Iran war.  
- Officials from the Trump administration indicated that these tools may violate U.S. sanctions if they are of American origin, and that they likely included technical training on semiconductor technology.  
- The allegations coincide with strained relations, as the Biden administration has tightened restrictions on SMIC and as President Trump prepares for a meeting with President Xi Jinping in May.

benzinga_article

Hwabao WP CSI HK Connect Information Technology Composite ETF

China's SMIC Reportedly Supplied Chipmaking Tools To Iran's Military— A Stance In The War?

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Chinese computer scientists are urged to boycott the NeurIPS AI conference after it barred submissions from US-sanctioned institutions, including Huawei. The China Computer Federation (CCF) criticized this decision, claiming it undermines core academic values. NeurIPS, a leading AI conference, has become a focal point in US-China tensions over AI. The CCF warned it would remove NeurIPS from its directory of recommended conferences if the policy isn't reversed. Some Chinese researchers have already indicated a boycott, raising concerns about the implications for academic collaboration in the field.

SCMP

Tianhong CSI Computer Theme ETF

China Southern CSI Semiconductor Industry Custom ETF

AI rift widens as China urges boycott of top US conference over sanctions ban

UB#SMIC RC2609B(64929.HK)

UB#SMIC RC2609B Stock Performance Chart

Chinese chip firms hit record high revenue driven by the AI boom and U.S. curbs

Hong Kong Market Close | Three major indices fall across the board, tech sector leads declines, while auto and resource stocks remain active against the trend

HK Stocks Intraday | Tech Stocks Under Pressure as Alibaba Falls 4.07%; Shandong Molong Surges 19.90% Against the Trend

The three major A-share indices of the Shanghai and Shenzhen stock exchanges fell by 0.5% to 1.8% in the first half of the day, with chip stocks declining while shipping and innovative pharmaceutical concept stocks continued to rise

AH Shares Rise Collectively: SSE Index Up 1%, Computing Power Hardware Explodes, Hang Seng Index Up 2%, Internet Tech Stocks Generally Rebound