Chinese Stocks Extend Gains to One-Week High, Led by Semiconductor Shares

Price ActionGeopolitics
โดย Reuters·CN·Read original
Summary · why it matters

Chinese stock markets extended gains to hit a one-week high. Semiconductor-related shares surged, offsetting a drop in optical module stocks. Reuters reported that South Korea's Samsung Electronics and SK Hynix are evaluating the use of Advanced Micro-Fabrication Equipment Inc. China manufacturing equipment at their Chinese plants to avoid US export restriction risks. AMEC soared 13%, and the semiconductor materials and equipment index jumped 10%, its biggest gain in two weeks, while semiconductor stocks rose 8%. Meanwhile, optical module makers tumbled on reports that the US government is drafting measures to ban imports of data center components from China. Zhongji Innolight fell 7% in Shenzhen and 5% in Hong Kong, and Eoptolink Technology dropped 5%. The Shanghai Composite Index closed 1.47% higher at 3,878.43, the CSI 300 Index rose 1.24% to 4,658.16, and the Hang Seng Index added 0.24% to 25,915.82.

Impact on stocks 4

Others± Mixed · 4 stocks
Advanced Micro Fabrication Inc
688012
▲ PositiveDemandrelevance

Samsung and SK Hynix evaluating AMEC equipment for Chinese plants to avoid US export restrictions, boosting AMEC shares 13%.

Eoptolink Technology Inc Ltd
300502
▼ NegativeRegulationrelevance

US drafting measures to ban imports of data center components from China, causing Eoptolink shares to drop 5%.