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)  -0.950 (-1.262%)    Short selling $109.30M; Ratio 9.017%   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.

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SMIC (00981.HK)  -1.050 (-1.448%)    Short selling $110.73M; Ratio 4.617%   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)  -0.760 (-1.649%)    Short selling $5.69M; Ratio 2.980%   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)  -0.005 (-1.163%)   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.

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ASMPT (00522.HK)  +0.200 (+0.259%)    Short selling $3.54M; Ratio 8.999%   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 2025-12-31 12:25.)