SMIC(HK:00981) Zhi Tong Cai Jing·2025-09-11 08:57Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index closing down 0.43% at 26,086.32 points and a total trading volume of 325.205 billion HKD [1] - The Hang Seng China Enterprises Index fell 0.73% to 9,260.25 points, while the Hang Seng Tech Index decreased by 0.24% to 5,888.77 points [1] - Open-source securities noted that the expectation of easing from the Federal Reserve provides marginal support for Hong Kong stock valuations, highlighting the relative advantages of quality assets [1] Blue Chip Performance - Semiconductor manufacturer SMIC (00981) led blue-chip stocks, rising 4.97% to 63.35 HKD, contributing 21.23 points to the Hang Seng Index [2] - Other notable gainers included China Hongqiao (01378) up 3.64% and New Oriental (09901) up 3.05% [2] - However, Hansoh Pharmaceutical (03692) and CSPC Pharmaceutical (01093) saw declines of 8.76% and 7.5%, respectively, negatively impacting the index [2] Sector Highlights Technology Sector - Major tech stocks mostly declined, with Tencent down 0.63% and Alibaba fluctuating before closing up 0.35% [3] - The AI infrastructure sector gained attention following Oracle's significant RPO increase, indicating strong demand for AI computing power [4] Semiconductor Sector - Semiconductor stocks performed well, with Fudan (01385) up 5.37% and Huahong Semiconductor (01347) up 4.63% [4] - TSMC reported a 34% year-on-year increase in sales for August, reflecting robust demand for advanced AI chips [4] Pharmaceutical Sector - The pharmaceutical sector faced significant declines, with major stocks like Tigermed (03347) and Hansoh Pharmaceutical (03692) dropping sharply due to potential U.S. restrictions on Chinese drugs [3] - Analysts suggest that the market's reaction may be short-lived, with long-term growth potential remaining in the sector [3] Metals Sector - The metals sector saw increased activity, with companies like Luoyang Molybdenum (03993) and China Hongqiao (01378) posting gains amid expectations of Federal Reserve rate cuts [6] - Analysts predict continued high demand for metals, supported by seasonal trends and easing liquidity conditions [6] Notable Stock Movements - KZL International (02122) surged 160.68% after announcing a strategic partnership in the collectible card game market [7] - Drug developer Yaojie Ankang-B (02617) rose 20.78% following the approval of a clinical trial for its core product [8] - Yunfeng Financial (00376) climbed 19.74% after receiving regulatory approval to offer virtual asset trading services [9]