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12/10/2026 10:11

Hua Hong down nearly 5%, SMIC drops 3%; US stocks closed higher last Friday but chip stocks weakened against the trend

  <Economic Information Daily News Service, Oct 12> Hua Hong (01347) is down 4.8%, trading at HK$90; SMIC (00981) falls 2.8%, at HK$56.05; GigaDevice (03986) drops 3.3% to HK$381.4; Montage Technology (06809) declines 2.8% to HK$260.8; Tianshu Zhixin (09903) down 2% at HK$86.5; Briwane Technology (06082) falls 3.7% to HK$29.86; XL 2 Southern Hynix (07709) plunges 7.9% to HK$32.6.

  US major indices closed higher last Friday (Oct 9), with the S&P 500 hitting a record high, yet chip stocks moved lower against the broader market trend. Among them, ARM (US.ARM) performed the weakest, closing down 3.27%; Intel (US.INTC) and AMD (US.AMD) both dropped over 2%. Chip giant NVIDIA (US.NVDA) edged down 0.52%.

  Currently, the Hang Seng Index stands at 24,350, up 138 points or 0.6%, with turnover on the main board reaching nearly HK$49.6 billion. The Hang Seng China Enterprises Index is at 8,191, up 43 points or 0.5%. The Hang Seng Tech Index is at 4,185, down 12 points or 0.3%.
 
Performance of related or same-sector stocks
Stock (Code)Current Price (HK$)Change (%)
Hua Hong (01347)90Down 4.81%
SMIC (00981)56.05Down 2.78%
GigaDevice (03986)381.4Down 3.35%
Montage Technology (06809)260.8Down 2.76%
Tianshu Zhixin (09903)86.5Down 2.04%
Briwane Technology (06082)29.86Down 3.68%
Shanghai Fudan (01385)23.68Down 1.33%
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