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HSI Hits Over-3.5-year High as SMIC Breaks Through $50 Mark; ASMPT Rallies 9%; AI Chips Expected to Gradually Shift to Domestic Foundries
Recommend 55 Positive 84 Negative 35 |
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The HSI slightly opened 9 points lower this morning (24th) before rising, and last added 185 points or 0.7% to an immediate high of 25,723, logging an over-3.5-year high, with a turnover of $122.715 billion. SMIC (00981.HK) peaked at $50.8, marking a nearly 4-month high, and last printed at $50.7, leaping 4%, with a turnover of $2.891 billion. HUA HONG SEMI (01347.HK) peaked at $39, setting a nearly 5-month high, and swelled 6.71% to last at $38.95, with a turnover of $1.138 billion. SHANGHAI FUDAN (01385.HK) last printed at $27.9, ballooning 4.49%, with a turnover of $110 million. HORIZONROBOT-W (09660.HK), a provider of intelligent driving solutions, last mounted 3.32% to $7.16, with a turnover of $637 million. ASMPT (00522.HK) peaked at $69.4 this morning, hitting a nearly 5-month high, and last printed at $69.15, rallying 9.41%, with a turnover of $313 million. With the start of downstream inventory replenishment in the industrial and auto sectors, the downstream demand for BCDAnalog is expected to grow, and the wafer foundry capacity utilization rate will continue to improve in 2Q25 and 2H25, Guotai Haitong said. Moreover, as the domestic advanced process technology continued to iterate, AI chips are expected to gradually shift to domestic wafer foundries, while SMIC, as a core asset in the advanced process layout, is expected to embrace a broad space for domestic substitution in the AI era. Therefore, the broker rated the industry at Overweight. AASTOCKS Financial News Website: www.aastocks.com |
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