Xin Lang Cai Jing·2026-01-28 06:46Core Viewpoint - The Hong Kong stock market's hard technology sector is experiencing a significant rally, with notable increases in stock prices for companies like Yunzhisheng and Naxinwei, alongside the launch of the first ETF focused on the Hong Kong chip industry [1][5]. Group 1: Market Performance - Yunzhisheng's stock surged by 56%, Naxinwei increased by over 9%, Huahong Semiconductor rose by over 6%, and SMIC gained over 4% [1][5]. - The Hong Kong Information Technology ETF (159131), which focuses on the chip industry, saw its price rise by 1.85%, with a trading volume exceeding 64.77 million yuan [1][5]. Group 2: ETF Details - The ETF is the first in the market to focus on the Hong Kong chip industry, with a composition of 70% hardware and 30% software, covering 42 hard technology companies [3][7]. - Key holdings in the ETF include SMIC with a weight of 15.26%, Xiaomi Group-W at 11.95%, and Huahong Semiconductor at 8.40% [3][7]. - The ETF excludes major internet companies like Alibaba, Tencent, and Meituan, allowing for a sharper focus on the AI hard technology sector [3][7]. Group 3: Semiconductor Market Insights - According to SIA data, global semiconductor sales are projected to reach $75.28 billion by November 2025, marking 25 consecutive months of year-on-year growth [6][8]. - China's semiconductor sales are expected to be $20.23 billion, reflecting a year-on-year increase of 22.9% and a month-on-month increase of 3.9% [6][8]. - In the storage segment, both DRAM and NAND Flash contract prices rose in November, with DRAM spot prices continuing to increase in December [6][8].