中芯国际涨幅达10％，华虹半导体涨超7%。 ...

Market Overview - The Hong Kong stock market experienced a significant rally on October 2, with the Hang Seng Index rising over 400 points, surpassing the 27,000 mark, closing at 27,245 points, a 1.45% increase [1] - The Hang Seng China Enterprises Index increased by 1.63% to 9,711 points, while the Hang Seng Tech Index surged by 2.66% to 6,637.65 points [1] Sector Performance - Leading sectors included gold, semiconductors, information technology, and biomedicine, while real estate and food & beverage sectors lagged [2] - The FTSE China A50 Index futures rose by over 1% during the session [2] Individual Stocks - Tencent Holdings saw its stock price rise over 3% at the beginning of the day, reaching a four-and-a-half-year high, and closed up 2.34% at 678.5 HKD per share, with a market capitalization of 6.21 trillion HKD [4] - Southbound funds significantly increased their holdings in Tencent, buying a total of 2.93 million shares from September 26 to September 30, bringing their total holdings to 1.012 billion shares, representing 11.03% of the total issued shares [4] - CICC maintained a target price of 700 HKD per share for Tencent, citing advancements in its mixed Yuan 3D 3.0 model, which has tripled modeling accuracy compared to its predecessor [4] - Semiconductor stocks, including SMIC, saw a rise of 9.30%, with a share price of 86.95 HKD and a market cap of 695.57 billion HKD [5] - Tianqi Lithium experienced a surge of 13.04%, reaching 50.8 HKD per share, with a total increase of over 30% in the last five trading days [7] - The Hong Kong Semiconductor Index rose over 6%, with a peak increase of over 7% during the session [9] Industry Insights - The global memory chip market is experiencing a new wave of price increases driven by supply-demand imbalances, technological advancements, and geopolitical factors, with institutions optimistic about the industry's outlook over the next two years [11] - Morgan Stanley predicts a "super cycle" for the memory chip industry due to expected supply-demand imbalances in the coming year, particularly in the HBM product segment, which is anticipated to see exponential growth [11] - The global HBM market size is projected to grow from 3 billion USD in 2023 to 53 billion USD by 2027 [11] External Market Influence - Foreign capital is reportedly flowing back into the South Korean stock market, contributing to a significant rise in the KOSPI index, which surpassed 3,500 points for the first time [13] - Semiconductor stocks in South Korea, such as SK Hynix and Samsung Electronics, saw substantial gains, influenced by expectations of interest rate cuts by the Federal Reserve and breakthroughs in AI technology [13]

Core Points - The Hang Seng Index rose by 1.45% and the Hang Seng Tech Index increased by 2.66% during the midday close [1] - Semiconductor products and equipment, as well as metals and mining sectors, showed significant gains, while passenger airlines and construction products sectors experienced notable declines [1] Individual Stocks Performance - Zijin Mining International surged by 12.02%, followed by SMIC with a 9.3% increase, and Kuaishou-W rising by 6.56% [1] - Other notable gainers include Huahong Semiconductor up by 5.44%, Hengrui Medicine up by 5.29%, and Xinda Biopharmaceuticals up by 4.77% [1] - Conversely, Beike-W fell by 6.21% and Yihua Tong dropped by 6.42% [1] - MIRXES-B saw a significant increase of 13.52%, while Tianqi Lithium rose by 13.04% [1]

Market Performance - The Asia-Pacific markets experienced a significant surge, with the South Korean index surpassing 3% and breaking the 3500-point mark for the first time in history [1] - The Hang Seng Index and Hang Seng Tech Index both opened high and closed up 1.45% and 2.66% respectively, with the Hang Seng Index reaching a four-year high [1] Semiconductor Sector - The semiconductor sector continued its upward trend, with companies like SMIC rising over 9% and other firms such as Hua Hong Semiconductor and Shanghai Fudan also seeing gains [2] - A price surge in memory chips is underway, driven by inventory adjustments and capacity shifts among major manufacturers, leading to a structural tightness in the terminal storage market [2] Precious Metals - The Hong Kong Nonferrous Metals Index rose by 4.72%, with notable increases in companies like China Silver Group (up 32.08%) and Tianqi Lithium (up 13%) [2] - International precious metal prices have been on the rise, with spot gold reaching $3895 and silver surpassing $47, marking the highest levels since May 2011 [2] Internet Technology Sector - Several popular stocks in the internet technology sector saw strong performance, with Kuaishou rising 6.65%, Baidu up 4.5%, and Alibaba increasing by 3.95% [3] - Morgan Stanley raised Alibaba's target price significantly to HKD 240, citing growth in cloud computing and e-commerce as key drivers for higher valuation [3] AI and Tech Investment - The AI-driven technology cycle is attracting incremental capital inflows, with a focus on the fundamental strengths of scarce Hong Kong tech assets [3] - Continued optimism in AI-related hardware and investment opportunities in the domestic and overseas tech chains is noted, with recommendations for sectors such as internet, electronic semiconductors, innovative pharmaceuticals, robotics, and media [3]

Core Viewpoint - The Hong Kong stock market showed positive performance with the Hang Seng Index rising by 1.45% and the Hang Seng Tech Index increasing by 2.66% [1] Company Performance - Tianqi Lithium Industries saw a significant increase, rising over 13% [1] - Ganfeng Lithium experienced a rise of over 10% [1] - Semiconductor Manufacturing International Corporation (SMIC) increased by over 9% [1] - Lens Technology rose by over 8% [1] - Kuaishou Technology saw an increase of over 6% [1] - Huahong Semiconductor and BYD Electronics both rose by over 5% [1]

Group 1: Market Performance - Hong Kong chip stocks continue to rise, with increases of nearly 13%, over 8%, and more than 4%, all reaching historical highs [1] - Notable stock performances include BrainTech (+12.90%), SMIC (+8.30%), and Central China Technology (+4.73%) [2] Group 2: Industry Developments - DeepSeek and Zhiyu have announced the launch of new generation large models compatible with domestic chips, with DeepSeek-V3.2-Exp released on September 29 [2] - Major chip manufacturers such as Huawei Ascend, Cambricon, and Haiguang Information have completed adaptations for the new model, showcasing high compatibility and performance [2] Group 3: Price Trends - Micron has notified channels of an impending price increase of 20%-30% for storage products, with NAND flash and DRAM quotes paused for a week [3] - The market anticipates that Micron's NAND flash prices could rise by as much as 30%, indicating a new cycle in storage chip pricing [3]

Core Viewpoint - The semiconductor stocks in Hong Kong experienced a significant increase, with notable gains from major companies such as SMIC and others in the sector [1]. Group 1: Stock Performance - SMIC (00981) rose by 7.98%, reaching a latest price of 85.900, with a total market capitalization of 687.175 billion and a year-to-date increase of 170.13% [2]. - Meijiaxin Holdings (06939) increased by 5.26%, with a latest price of 0.600 and a market cap of 0.0311 billion, showing a year-to-date rise of 31.87% [2]. - Hongguang Semiconductor (06908) saw a 4.76% increase, with a latest price of 0.660 and a market cap of 0.62 billion, but a year-to-date decline of 1.49% [2]. - Xian Sihang (00595) gained 3.85%, with a latest price of 0.405 and a market cap of 0.368 billion, reflecting a year-to-date decrease of 10.99% [2]. - ASMPT (00522) rose by 2.25%, with a latest price of 83.900 and a market cap of 34.941 billion, showing a year-to-date increase of 12.89% [2]. Group 2: Other Notable Stocks - Horizon Robotics (09660) increased by 1.77%, with a latest price of 9.750 and a market cap of 135.343 billion, reflecting a year-to-date increase of 170.83% [2]. - Jingmen Semiconductor (02878) rose by 1.69%, with a latest price of 0.600 and a market cap of 14.99 billion, showing a year-to-date increase of 21.21% [2]. - Beike Micro (02149) increased by 1.42%, with a latest price of 53.600 and a market cap of 3.377 billion, reflecting a year-to-date increase of 97.06% [2].

Core Viewpoint - Hong Kong chip stocks continue to rise, indicating positive market sentiment and potential growth in the semiconductor sector [2] Company Performance - Semiconductor Manufacturing International Corporation (SMIC) saw an increase of 8.61%, reaching HKD 86.4 [2] - Hongguang Semiconductor experienced a rise of 4.76%, with shares priced at HKD 0.66 [2] - Shanghai Fudan increased by 4.57%, trading at HKD 47.6 [2] - Huahong Semiconductor rose by 3.75%, with shares at HKD 83 [2]

另外，存储芯片迎来涨价潮，据报道，美光向渠道通知存储产品即将上涨20%-30%，目前已暂停NAND 闪存和DRAM报价一周，市场消息人士预测美光NAND闪存价格可能上涨高达30%。华鑫证券认指出， 继DDR4涨价之后存储价格持续攀升，存储芯片进入新一轮周期。此外，国产AI芯片大时代已经来临， 国产AI产业链从上游先进制程到先进封装，到下游字节阿里腾讯的模型加速迭代升级已经实现全产业 链打通，坚定看好国产AI算力设施的加速突破。 消息面上，近日，DeepSeek和智谱先后宣布推出新一代大模型，并宣布适配国内芯片。9月29日， DeepSeek-V3.2-Exp大模型发布，华为昇腾、寒武纪、海光信息等多家芯片厂商即宣布完成适配。华为 昇腾基于vLLM/SGLang等推理框架实现0day支持，并开源全部推理代码与算子实现；寒武纪宣布已完 成对DeepSeek-V3.2-Exp的同步适配；海光信息表示，其DCU实现对该模型的无缝适配与深度调优，展 现出优异性能，验证了高通用性、高生态兼容性及自主可控的技术优势。 智通财经APP获悉，芯片股延续涨势，截至发稿，中芯国际(00981)涨8.61%，报86.4港元；宏光半导 ...

每经AI快讯，10月2日，港股中芯国际涨幅扩大至6%，华虹半导体涨超2%。 （文章来源：每日经济新闻） ...