On July 31, SHANGHAI FUDAN rose 8.17% in regular trading, trading at 23.76 HKD/share, with turnover of approximately 33.97 million HKD. The rally was driven by a powerful overnight rebound in US technology stocks, with the Philadelphia Semiconductor Index surging over 8%.
On the news front, sustained AI computing demand and Qualcomm's announcement of chip price increases effective September 1 fueled global semiconductor momentum. The Korean KOSPI expanded gains to 17% on the same day, with SK Hynix surging over 29% and Samsung Electronics climbing over 26%, creating a broad sector resonance. Additionally, the CSI Index Company officially launched the CSI HK Stock Connect Semiconductor Industry Index on July 31, providing expectations of incremental capital inflows into the sector. Within the Semiconductors sector, peers also rallied strongly, with GIGADEVICE up 21.44%, ILUVATAR COREX up 18.78%, MONTAGE TECH up 16.15%, HUA HONG GRACE up 10.68%, and SMIC up 6.37%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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