HSI continued to extend its decline after lunch and once fell more than 300 points to a low of 19,363. It trades now at 19,408, a retreat of 269 points or nearly 1.4%. Total turnover was only $68.6 billion.

China banned the purchase of products by US chipmaker Micron (MU.US)      , but the Chinese chip industry reportedly worried that Japan's export ban is more stringent than that of the US.

Related NewsHUA HONG SEMI 1Q NP US$31.818M, Down 79.1% YoY
Chip stocks in Hong Kong therefore generally underperformed the market today. Blue chip SMIC (00981.HK)  -0.100 (-0.610%)    Short selling $11.91M; Ratio 2.402%   once logged high at $21.35 this morning, but it then submerged 6% to a low of $19.76. It stands now at $19.86, retreating 5.7% and losing 10, 50 and 100MAs all at once.

HUA HONG SEMI (01347.HK)  -0.300 (-1.680%)    Short selling $37.78M; Ratio 18.322%   saw peak/trough at $27.6/$25.8, and is now trading at $25.95, falling nearly 4.8%, as it sank below 10 and 250MAs ($26.86 and $27.1). SHANGHAI FUDAN (01385.HK)  -0.040 (-0.343%)    Short selling $5.23M; Ratio 13.662%   fell for three consecutive sessions and hit new lows for more than a year, reaching a low of $20.4. It is now trading at $20.45, down 2.6%. SOLOMON SYSTECH (02878.HK)  -0.005 (-1.639%)   declined 1.1% to $0.46.

However, HG SEMI (06908.HK)  0.000 (0.000%)   rallied 7.5% to $1.14, as ASMPT (00522.HK)  +1.000 (+1.029%)    Short selling $14.43M; Ratio 13.609%   ramped up nearly 0.5% to $65.35.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-14 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsSMIC (00981.HK) 1Q24 NP US$71.79M, Plummeting 68.9% YoY