According to South China Morning Post, Hong Kong chip stocks rose on May 11 as broader indexes fell. Montage Technology climbed 15.81% to HK$435 (US$55), while Nasino gained 14.29% to HK$194.3 (US$25), GigaDevice added 9.59% to HK$537 (US$68), and SMIC and Hua Hong Semiconductor rose 4.09% and 5.2% respectively. The Hang Seng Index fell 0.55% to 26,246.84 and the Hang Seng Tech Index declined 0.74% to 5,064.88. The gains followed Vice-Premier Ding Xuexiang’s visit to Huawei’s chip research center in Shanghai on May 8, where he called for breakthroughs in basic technology.
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