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SMIC, HUA HONG SEMI Tumble 5%+ Amid Chip Retreat After Midday
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Hong Kong-listed chip stocks were thrown into a downtrend after midday.

SMIC (00981.HK) once leaped by 4.5% to a peak of HKD93.5 this morning, but it turned south after midday and sank to an intraday low of HKD83.2 at one point. It last traded at HKD84.5, down 5.6%, with a turnover of HKD20.9 billion.

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Likewise, HUA HONG SEMI (01347.HK) once surged by nearly 9.3% to a peak of HKD99.5 but trended downward after midday. It last traded at HKD85.6, down 6%, with a turnover of HKD10.44 billion. SHANGHAI FUDAN (01385.HK) also plunged by 4.9%.
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