【Easy Crypto Chat】Hong Kong-listed chip stocks stage a collective slide
The capital markets put on another major sell-off today, and Odaily Planet Daily brings you the latest from the front lines. Hong Kong-listed chip stocks were underwhelming today, with virtually the whole sector in the red. Hua Hong Semiconductor (01347.HK) led the decline, falling more than 6%; ASMPT (00522.HK) followed close behind, down over 5%; and Biren Technology (06082.HK) was not far behind, dropping nearly 5%. Montage Technology (09903.HK) and GigaDevice (03986.HK) also fell more than 5%.
In this kind of market, why not brew a cup of tea and watch from the sidelines? Put those FOMO feelings aside for now—there are risks in watching the action, and chasing a rally calls for caution.
The capital markets put on another major sell-off today, and Odaily Planet Daily brings you the latest from the front lines. Hong Kong-listed chip stocks were underwhelming today, with virtually the whole sector in the red. Hua Hong Semiconductor (01347.HK) led the decline, falling more than 6%; ASMPT (00522.HK) followed close behind, down over 5%; and Biren Technology (06082.HK) was not far behind, dropping nearly 5%. Montage Technology (09903.HK) and GigaDevice (03986.HK) also fell more than 5%.
In this kind of market, why not brew a cup of tea and watch from the sidelines? Put those FOMO feelings aside for now—there are risks in watching the action, and chasing a rally calls for caution.
