Hong Kong-Listed Semiconductor Stocks Surge: Zhongji Innolight Jumps Nearly 9%, Hua Hong Grace Rises Over 7%

Deep News08-12 22:02

On August 12, Hong Kong's major indices ended the day lower, with the Hang Seng Index falling 0.83% and the Hang Seng Tech Index dropping 0.99%.

Despite the broader market downturn, the semiconductor sector performed strongly throughout the session, with chip stocks leading the gains. Hua Hong Grace Semiconductor Limited and Montage Technology both surged over 7%, GigaDevice Semiconductor climbed more than 5%, and Semiconductor Manufacturing International Corporation (SMIC) advanced over 3%.

Boosted by positive news, the optical module segment rallied across the board. Zhongji Innolight soared nearly 9%, Yangtze Optical Fibre and Cable (YOFC) jumped over 7.5%, and Cambridge Industries rose more than 5%.

The PCB (Printed Circuit Board) concept stocks also strengthened, with KB Laminates surging over 10% for the day.

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