Chip stocks in Hong Kong are gaining ground in the afternoon as China sets up the country's largest-ever semiconductor investment fund to promote the development of its domestic chip industry.

HUA HONG SEMI (01347.HK)  +1.600 (+4.699%)    Short selling $139.39M; Ratio 9.133%   opened 0.34% lower today and that was already its day low so far. The stock advanced afterwards and peaked at $19.66, a new high since November last year. It trades now at $19.6, rocketing 10.24%, with a volume of 16.482 million shares, involving $313 million.

SMIC (00981.HK)  +0.700 (+1.617%)    Short selling $109.76M; Ratio 2.036%   opened 1.56% higher at $16.58 today. It stands now at $16.36, hiking 6.65%, with 62.7444 million shares traded and a turnover of $1.012 billion. According to Counterpoint Research, SMIC has for the first time surpassed US-based GlobalFoundries and Taiwan-based UMC to become the world's third-largest foundry in terms of 1Q24 revenue.

SHANGHAI FUDAN (01385.HK)  +0.150 (+0.537%)    Short selling $5.84M; Ratio 3.073%   opened 0.91% higher at $11.52 today. It is now trading at $11.4, rising 3.83%, with a volume of 3.686 million shares and a turnover of $41.1127 million.

SOLOMON SYSTECH (02878.HK)  0.000 (0.000%)   opened flat today and logged its day high at $0.285. It anchors now at $0.28, inclining 3.7%, with 1.674 million shares traded, involving $462,500 of turnover.

ASMPT (00522.HK)  +1.300 (+2.261%)    Short selling $17.44M; Ratio 16.277%   opened 0.64% higher at $96.85. It now stands at $96.75, rising 3.81%, with 1.1624 million shares traded, involving $110 million.

(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-04 16:25.)