Hong Kong Chip Stocks Fall Broadly; Tianshu Zhixin Drops Over 10%, SMIC Down 7%
Hong Kong-listed chip stocks fell broadly on Tuesday, with Tianshu Zhixin sliding more than 10% and SMIC dropping 7%. Montage Technology declined 7%, while Hongguang Semiconductor and Fudan Microelectronics each fell over 6%. GigaDevice and Hua Hong Semiconductor lost more than 5%, reflecting weak market sentiment across the sector.
Chip stocks listed in Hong Kong experienced a broad decline on Tuesday. As of the time of writing, Tianshu Zhixin had fallen more than 10%, while SMIC dropped 7%. Montage Technology declined 7%, and both Hongguang Semiconductor and Fudan Microelectronics fell over 6%. GigaDevice and Hua Hong Semiconductor each lost more than 5%. The sell-off affected several major chip companies, with the overall market showing weak performance.