**Market Overview: STAR 50 Index Surges, Semiconductor Chain Collectively Erupts, Cambricon Hits New Historical High**
Good day! Another Friday brings us the latest market developments and insights.
On August 22nd, A-share markets opened mixed in the morning session before collectively rising. As of press time, all three major indices were trading in positive territory.
The STAR 50 Index experienced a powerful surge, rising over 5% intraday. Component stocks including SMIC, Cambricon Technologies Corporation Limited, Hygon Information Technology, and VeriSilicon Holdings all posted significant gains.
Market sectors showed semiconductor, computer hardware, internet, and non-ferrous metals leading the gains during the morning session, with GPU, server, ASIC chip, and AI computing power concepts rallying strongly. Meanwhile, textile and apparel, coal, and petrochemical sectors underperformed.
Hong Kong's technology sector also demonstrated strength, with the Hang Seng Tech Index rising over 1%. XPeng Motors surged more than 11%, while Hua Hong Semiconductor and SMIC posted solid gains.
**Semiconductor Industry Chain Experiences Comprehensive Surge** **Cambricon Rises Over 12% Intraday**
On August 22nd, computing power and semiconductor-related concept stocks opened higher. Hygon Information Technology surged over 19% intraday, approaching the 20cm daily limit; VeriSilicon Holdings, Chipone Technology, and JoulWatt Technology also posted substantial gains.
Cambricon Technologies Corporation Limited launched an aggressive upward move, rising over 14% intraday, with its stock price reaching a peak of 1,188 yuan per share.
On the news front, DeepSeek officially announced the release of DeepSeek-V3.1. Related reports mentioned that DeepSeek-V3.1 utilizes UE8M0 FP8 Scale parameter precision. DeepSeek's official social media account indicated in pinned comments that UE8M0 FP8 is designed for upcoming next-generation domestic chips.
Additionally, previous reports indicated that China's first domestically-produced commercial electron beam lithography machine "Xizhi" has entered application testing in Hangzhou. Its precision matches international mainstream equipment, marking a significant milestone as quantum chip development now has "Chinese engraving tools." This technological breakthrough provides strong support for ASIC chip industry development.
PCB concept stocks rallied intraday, with Guangxin Material hitting the 20cm daily limit, while Founder Technology, Holitech Technology, and Honghao Technology reached daily limits.
Research reports indicate that as AI computing infrastructure construction accelerates, printed circuit board (PCB) demand is exploding. In this context, high multilayer boards, high-density interconnect (HDI) boards, and IC substrates are experiencing rapid planned output growth. Domestic manufacturers are actively expanding high-end capacity, with leading Chinese PCB companies expected to generate 41.9 billion yuan in project investment from 2025-2026.
**Rare Earth Permanent Magnet Concept Stocks Heat Up**
During the morning session on August 22nd, rare earth permanent magnet concepts strengthened amid volatility. Sanchuan Wisdom hit the 20cm daily limit, Minmetals Development surged to the daily limit, while China Ke Magnetic Industry, Jiuwu Hi-Tech, Northern Rare Earth, Earth-Panda Advanced Magnetic Material, and Ningbo Yunsheng followed with gains.
Reports indicate that recent rare earth primary product prices have risen rapidly, with average increases exceeding 100,000 yuan per ton since the beginning of August. Permanent magnet prices have also risen quickly, with NdFeB N35 latest quoted at 144.5 yuan per kilogram, representing a monthly increase of 10.7% and year-to-date gain of 51.3%. Meanwhile, multiple rare earth permanent magnet concept stocks recently announced first-half performance data, with most showing profit growth or turnaround from losses.
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