Asian tech stocks have broadly corrected by 25–30%; is the market pricing in earnings per share (EPS) downgrades or capital expenditure cuts? JPMorgan forecasts the opposite: now is the time to buy Asian tech stocks.

Defying prevailing market skepticism, JPMorgan declared that now is the time to buy Asian technology stocks. The bank noted that Asian tech equities and the Philadelphia Semiconductor Index have cumulatively declined by 25%–30%, yet fundamentals show no sign of deterioration—the AI scaling laws remain intact, capital expenditures by hyperscale cloud providers are projected to surge to $1.49 trillion by 2027, backlog levels have reached record highs, and earnings per share (EPS) forecasts continue to be revised upward. The market’s pessimistic pricing may well represent the optimal buying opportunity.

wallstreetcnAug 5 11:06

Hong Kong Stock Market Alert | Basic Semiconductor (09971) Rises Over 4% After Entering Strategic Partnership with Hanle Technology to Accelerate Development and Mass Production of 8-Inch Silicon Carbide Wafers

Basic Semiconductor (09971) rose more than 4%. As of this report, it was up 3.47% at HK$53.65, with a trading volume of HK$1.6815 million.

Zhitong FinanceAug 5 09:54

HKEX Announcement Insights | Innovent Bio's product revenue exceeded RMB 8.2 billion in the first half of the year, an increase of over 55% year-on-year

Innovent Bio reported product revenue exceeding RMB 8.2 billion in the first half of the year, an increase of over 55% year-over-year; TuSimple and Plus signed a strategic cooperation memorandum of understanding on intelligent freight, autonomous driving, and physical AI…

Zhitong FinanceAug 5 08:59

BASiC Semiconductor, Episil Technologies Expand Cooperation on SiC Wafer Development

MT NewswiresAug 4 20:51

HK Stock Market Update | Basic Semiconductor (09971) Rises Over 8% as Shenzhen Packaging Production Base Achieves Major Progress; Company Expands Capacity Immediately After Listing to Capture High-Growth AI Market

Basic Semiconductor (09971.HK) rose more than 8%. As of this report, it was up 6.94% at HK$48.10, with a trading volume of HK$12.7053 million.

Zhitong FinanceAug 3 14:25

Basic Semiconductor (09971.HK): Stabilization Period Ended, No Stabilization Actions Taken, and Over-Allotment Option Lapsed

Gelonghui, August 3 — Basic Semiconductor (09971.HK) announced that the stabilization period for the global offering ended on Sunday, August 2, 2026 (the 30th day following the closing date for applications under the Hong Kong public offering). As there was no over-allocation of H shares in the international offering, the overall coordinator (on behalf of the international underwriters) did not exercise the over-allotment option, and neither the stabilizing agent, its affiliates, nor any person acting on their behalf undertook any stabilization activities in relation to the global offering during the stabilization period. The over-allotment option expired on Sunday, August 2, 2026. Accordingly, the Company has not and

Gelonghui FinanceAug 3 08:10