Hong Kong-Listed Chinese Shares Rise 0.9% as Tech Gains Override Trading Crackdown
Updated
Updated · Bloomberg · May 26
Hong Kong-Listed Chinese Shares Rise 0.9% as Tech Gains Override Trading Crackdown
12 articles · Updated · Bloomberg · May 26
The Hang Seng China Enterprises Index climbed as much as 0.9% when Chinese shares in Hong Kong reopened after a holiday, showing little immediate damage from Beijing’s latest cross-border trading crackdown.
Tech names drove the move, with Lenovo and Semiconductor Manufacturing International Corp. among the leading gainers as investors kept buying growth stocks.
A Bloomberg gauge of Hong Kong-listed brokerages jumped 3.3%, suggesting the crackdown did not trigger a broad retreat from financial shares either.
The resilience follows an earlier surge in chip stocks after Huawei outlined a 1.4-nanometer chip plan for 2031, reinforcing momentum in Hong Kong’s China tech complex.
How will making advanced chips with older tools reshape the global semiconductor supply chain and technology leadership?
Can Huawei's radical chip design bypass US sanctions, or will physics prove the ultimate barrier to its success?