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SMIC/ HUA HONG SEMI Rally 8-12%, MINIMAX-W/ KNOWLEDGE ATLAS Feeble; DeepSeek Unveils New Model Adapted for Domestic Chips
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The HSI opened 181 points lower this morning (24th), and then once descended 275 to a low of 25,639 in the early session. The decline subsequently narrowed. The index ebbed 96 points or less than 0.4% to last at 25,818, with a turnover of $119.036 billion. DeepSeek officially launched the preview version of its new series model, DeepSeek-V4, and open-sourced it simultaneously. Earlier market sources said that DeepSeek-V4 achieved deep adaptation with domestic chips such as Huawei Ascend for the first time, marking a key step forward for China’s AI industry on the path to 'de-CUDA-ization'. Domestic chip stocks surged significantly starting around 10:30 am today. SMIC (00981.HK) opened 1.3% lower this morning before rebounding, and last shot up 8.3% to $63.3, with a turnover of $5.957 billion. HUA HONG SEMI (01347.HK) opened 0.1% lower before hiking, and last printed at $105, spiking 11.88%, with a turnover of $4.08 billion. NOVOSENSE (02676.HK) surged 10.69% to last at $157.4, with a trading volume of 1.5438 million shares, involving $242 million. Domestic GPU stock BIREN TECH (06082.HK) last printed at $46.9, advancing 5.39%, with a turnover of $192 million. Domestic general-purpose GPU stock ILUVATAR COREX (09903.HK) leaped 4.27% to last at $435, with a turnover of $238 million. Recently speculated AI large model/ app stocks showed mixed performance. MINIMAX-W (00100.HK) last printed at $818.5, waning 4.66%, with a turnover of $657 million. KNOWLEDGE ATLAS (02513.HK) tossed this morning, and once elevated 4.7% to a high of $1,076 in the early session before being pressured. It last printed at $960, stumbling 6.61%, with a trading volume of 1.0601 million shares, involving $1.076 billion. MANYCORE TECH (00068.HK), a listed IPO that plunged nearly 19% yesterday, last printed at $31.32, rebounding 3.1%, with a turnover of $263 million. Auto-translated by AI AASTOCKS Financial News |
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