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SMIC/ HUA HONG SEMI Rally 8-12%, MINIMAX-W/ KNOWLEDGE ATLAS Feeble; DeepSeek Unveils New Model Adapted for Domestic Chips
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The HSI opened 181 points lower this morning (24th), and then once descended 275 to a low of 25,639 in the early session. The decline subsequently narrowed. The index ebbed 96 points or less than 0.4% to last at 25,818, with a turnover of $119.036 billion. DeepSeek officially launched the preview version of its new series model, DeepSeek-V4, and open-sourced it simultaneously. Earlier market sources said that DeepSeek-V4 achieved deep adaptation with domestic chips such as Huawei Ascend for the first time, marking a key step forward for China’s AI industry on the path to 'de-CUDA-ization'. Domestic chip stocks surged significantly starting around 10:30 am today. SMIC (00981.HK) opened 1.3% lower this morning before rebounding, and last shot up 8.3% to $63.3, with a turnover of $5.957 billion. HUA HONG SEMI (01347.HK) opened 0.1% lower before hiking, and last printed at $105, spiking 11.88%, with a turnover of $4.08 billion. NOVOSENSE (02676.HK) surged 10.69% to last at $157.4, with a trading volume of 1.5438 million shares, involving $242 million. Domestic GPU stock BIREN TECH (06082.HK) last printed at $46.9, advancing 5.39%, with a turnover of $192 million. Domestic general-purpose GPU stock ILUVATAR COREX (09903.HK) leaped 4.27% to last at $435, with a turnover of $238 million. Recently speculated AI large model/ app stocks showed mixed performance. MINIMAX-W (00100.HK) last printed at $818.5, waning 4.66%, with a turnover of $657 million. KNOWLEDGE ATLAS (02513.HK) tossed this morning, and once elevated 4.7% to a high of $1,076 in the early session before being pressured. It last printed at $960, stumbling 6.61%, with a trading volume of 1.0601 million shares, involving $1.076 billion. MANYCORE TECH (00068.HK), a listed IPO that plunged nearly 19% yesterday, last printed at $31.32, rebounding 3.1%, with a turnover of $263 million. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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