The Economic Information Daily reported on the 25th that chip stocks were under selling pressure. Tenstorrent (09903) fell 4.1%, closing at HK$122.4; Biren Technology (06082) dropped 3.8%, to HK$37.84; SMIC (00981) declined 2.3%, to HK$62.35; and Hua Hong Semiconductor (01347) fell 1.6%, to HK$108.6.
U.S. Treasury sell-off pressure persists, with the 30-year U.S. Treasury yield briefly surpassing 5.44% on Thursday (24th), rising over three basis points from the previous day—the highest level since 2004. Long-term bond markets are facing multiple pressures including inflation, energy prices, and fiscal deficits. Although the U.S. Treasury conducted a long-term bond buyback on Thursday, the final amount purchased was only about $4.08 billion, below the previously announced maximum buyback amount of $6 billion.
Meanwhile, international oil prices have also rebounded, with Brent crude currently trading at $105.71 per barrel. Current interest rate futures indicate that market expectations for a 25-basis-point U.S. rate hike in October have surged to over 70%.
Currently, the Hang Seng Index stands at 24,361, down 399 points or 1.6%, with main board turnover exceeding HK$9 billion. The Hang Seng China Enterprises Index is at 8,124, down 141 points or 1.7%. The Hang Seng Tech Index is at 4,258, down 102 points or 2.4%. (am)
| Stock (Code) | Current Price (HK$) | Change (%) |
|---|---|---|
| SMIC (00981) | 62.35 | Fall 2.27% |
| Hua Hong Semiconductor (01347) | 108.6 | Fall 1.63% |
| Cambridge Industries (06166) | 115.2 | Fall 2.21% |
| ASMPT (00522) | 162.8 | Fall 1.93% |
| GigaDevice (03986) | 482.2 | Fall 1.51% |
| Montage Technology (06809) | 300 | Up less than 0.1% |
| Tenstorrent (09903) | 122.4 | Fall 4.08% |
| Biren Technology (06082) | 37.84 | Fall 3.76% |
| Shanghai Fudan (01385) | 26.52 | Fall 3.07% |
