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Express News | Hong Kong-listed chip stocks continued to decline, with ZTE Corporation plunging over 13%, Huahong Semiconductor dropping more than 5%, Horizonrobot falling 3.8%, and Innoscience and Shanghai Fudan declining 3%.
Hong Kong Stock Market Close: Hang Seng Tech Index rises 1.45%, technology stocks rebound collectively, while non-ferrous metal stocks turn downward.
Southbound capital net purchased HKD 1.48 billion worth of stocks.
Chip stocks led the gains, with institutions predicting that the global foundry industry's revenue could increase by 22.1% year-over-year in 2025.
Chip stocks led the gains. As of press time, Horizonrobot rose nearly 4%, Huahong Semiconductor surged over 3%, Shanghai Fudan advanced nearly 3%, Solomon Systech climbed over 2%, and SMIC gained nearly 2%.
HG Semiconductor to Increase Stake in Shenzhen Jiahong
Express News | Hong Guang Semiconductor: Acquisition of approximately 12.98% equity interest in Shenzhen Ji Hong.
Trump's semiconductor tariff plan faces changes, with U.S. officials revealing it may be postponed.
According to a report by Reuters, U.S. officials have privately indicated that they may not impose the long-promised semiconductor tariffs anytime soon, potentially delaying a core component of Trump's economic agenda.