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EQUITIES: HK Equities Slightly Higher, Chinese Semiconductor Stocks Struggle

EQUITIES
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  • The Hang Seng Tech Index is showing optimism heading into the Lunar New Year, buoyed by the potential for cheaper AI costs benefiting Chinese firms through DeepSeek. However, Chinese tech bulls face uncertainty as Hong Kong markets close until next Monday, leaving the sector exposed to potential volatility from US mega-tech earnings, where cautious outlooks could weigh on the Nasdaq. This poses a challenge to the recent positive divergence seen on Monday. Still, the golden cross from October supports a favorable near-term outlook for HSI tech stocks.
  • On Monday, the Philadelphia SE Semiconductor Index Fell 9.15% following the DeepSeek headlines. Hong Kong listed Chinese semiconductor stocks are struggling here in Asia, with SMIC down 5.6%, Hua Hong Semiconductor -4.2% & HG Semiconductor -6.5%
  • Mainland Chinese equity markets are closed today. HK benchmarks are trading mostly higher, with HS Tech Outperforming, up 0.80%, while the HSI trades just 0.25% higher.
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  • The Hang Seng Tech Index is showing optimism heading into the Lunar New Year, buoyed by the potential for cheaper AI costs benefiting Chinese firms through DeepSeek. However, Chinese tech bulls face uncertainty as Hong Kong markets close until next Monday, leaving the sector exposed to potential volatility from US mega-tech earnings, where cautious outlooks could weigh on the Nasdaq. This poses a challenge to the recent positive divergence seen on Monday. Still, the golden cross from October supports a favorable near-term outlook for HSI tech stocks.
  • On Monday, the Philadelphia SE Semiconductor Index Fell 9.15% following the DeepSeek headlines. Hong Kong listed Chinese semiconductor stocks are struggling here in Asia, with SMIC down 5.6%, Hua Hong Semiconductor -4.2% & HG Semiconductor -6.5%
  • Mainland Chinese equity markets are closed today. HK benchmarks are trading mostly higher, with HS Tech Outperforming, up 0.80%, while the HSI trades just 0.25% higher.