The HSI slightly opened 9 points lower this morning (24th) before rising, and last added 185 points or 0.7% to an immediate high of 25,723, logging an over-3.5-year high, with a turnover of $122.715 billion.

SMIC (00981.HK)  -1.050 (-2.055%)    Short selling $241.57M; Ratio 7.234%   peaked at $50.8, marking a nearly 4-month high, and last printed at $50.7, leaping 4%, with a turnover of $2.891 billion. HUA HONG SEMI (01347.HK)  -1.150 (-2.833%)    Short selling $158.34M; Ratio 17.010%   peaked at $39, setting a nearly 5-month high, and swelled 6.71% to last at $38.95, with a turnover of $1.138 billion.

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SHANGHAI FUDAN (01385.HK)  -0.250 (-0.794%)    Short selling $9.97M; Ratio 8.194%   last printed at $27.9, ballooning 4.49%, with a turnover of $110 million. HORIZONROBOT-W (09660.HK)  -0.120 (-1.732%)    Short selling $111.84M; Ratio 18.959%   , a provider of intelligent driving solutions, last mounted 3.32% to $7.16, with a turnover of $637 million.

ASMPT (00522.HK)  -1.800 (-2.691%)    Short selling $23.76M; Ratio 27.493%   peaked at $69.4 this morning, hitting a nearly 5-month high, and last printed at $69.15, rallying 9.41%, with a turnover of $313 million.

With the start of downstream inventory replenishment in the industrial and auto sectors, the downstream demand for BCDAnalog is expected to grow, and the wafer foundry capacity utilization rate will continue to improve in 2Q25 and 2H25, Guotai Haitong said.

Moreover, as the domestic advanced process technology continued to iterate, AI chips are expected to gradually shift to domestic wafer foundries, while SMIC, as a core asset in the advanced process layout, is expected to embrace a broad space for domestic substitution in the AI era. Therefore, the broker rated the industry at Overweight.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)