Core Viewpoint - Semiconductor stocks in Hong Kong, particularly SMIC, are experiencing significant price movements, with SMIC's stock reaching a historical high of 75.6 HKD, reflecting strong market sentiment and volatility [1][2]. Price Movements and Technical Analysis - SMIC's stock price has increased by nearly 4%, with a five-day volatility of 15.2%, indicating intense market activity [1]. - The current price of 66.56 HKD has surpassed the 10-day moving average and is significantly above the 30-day and 60-day moving averages, suggesting a strong bullish trend [1]. - The Relative Strength Index (RSI) has reached 79, indicating overbought conditions, while technical indicators show a "strong sell" signal, creating a divergence with the bullish trend [1]. - Key support level is at 64.5 HKD, with potential downside to 59.2 HKD if breached; initial resistance is at 75.3 HKD, with a target of 84.6 HKD if broken [3]. Market Sentiment and Investment Strategies - Recent news about SMIC testing domestic deep ultraviolet lithography machines has excited investors, contributing to a 7.12% increase in stock price to 67.7 HKD [2]. - There is a notable inflow of capital into the semiconductor sector, with investors maintaining confidence despite some short positions [2]. - Various call options related to SMIC and Huahong International are highlighted, with significant leverage ratios, indicating strong investor interest in these products [2][11]. Derivative Products Performance - Recent performance of derivative products linked to SMIC shows strong growth, with UBS bull certificates achieving a 24% increase over two days, reflecting the high volatility in the market [5][8]. - HSBC bull certificates also recorded a 20% return, indicating sustained investor enthusiasm for the semiconductor sector [8]. - Call options from different issuers are providing various leverage opportunities, with some offering the lowest premiums in the market [11].

Core Viewpoint - SMIC (00981) has attracted market attention due to its stock price fluctuations, currently showing signs of potential trading opportunities despite being in an overbought state [1][2]. Group 1: Stock Performance and Technical Analysis - As of 10:10 AM, SMIC's stock price reached 72.00 HKD, with a rise of 6.87%. The Relative Strength Index (RSI) is at 70, indicating an overbought condition, but buying and selling pressures remain neutral [1]. - The stock price has seen a significant increase from around 20 HKD at the beginning of the year to recent highs near 65 HKD, attracting market funds and retail investors [3]. - Key support levels are identified at 61.3 HKD and 56.4 HKD, while resistance levels are at 71.7 HKD and 75.4 HKD, which are crucial for short-term trading decisions [4]. Group 2: Market Sentiment and Investment Products - Recent news about SMIC testing domestically produced deep ultraviolet lithography machines has excited investors, contributing to a stock price increase of 7.12% to 67.7 HKD [2]. - There has been a notable inflow of funds into SMIC's call options, with a specific call option (20316) having a strike price of 73.85 HKD and a leverage of 3.5 times [2]. - Leveraged products have shown significant returns, with some options recording up to 42% returns during stock price fluctuations [6]. Group 3: Derivative Products and Trading Strategies - For investors optimistic about SMIC's short-term prospects, HSBC's call options (19974 and 20460) offer leverage of 3.1 and 3.3 times, respectively, with attractive premium levels [9]. - In the bear market segment, UBS's bear certificates provide a leverage of 5 times with a redemption price set at 55 HKD, while HSBC's bear certificates offer 8 times leverage [11].