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Hong Kong’s tech shares surged over 3 percent on Thursday, pushed by SMIC’s (0981) 13 percent leap, though the turnover decreased amid the absence of mainland investors.
The Hang Seng Tech Index ended Thursday at 6,682, 3.36 percent or 169 points higher than the previous close. The tech gauge marked a new high after mid-August 2021.
Semiconductor makers shone, with SMIC advancing by 12.7 percent to HK$89.65 apiece, a fresh all-time high since listing. Hua Hong Semiconductor (1347) rose 7 percent.
Meanwhile, Kuaishou (1024), emerging as the third-most traded stocks in Hong Kong, logged a gain of nearly 8.6 percent.
The overall Hang Seng Index also grew 1.6 percent or 431 points to 27,287 by the end of Thursday. The market benchmark climbed as high as 27,381.
But the full-day main board turnover shrank from over HK$300 billion to HK$222.6 billion, as mainland markets are suspending trading during the eight-day Golden Week through October 8.
On the renewed frenzy on semiconductor, the Korea Composite Stock Price Index extended gains to 2.7 percent when ending at 3,549 points, a new record.
SK Hynix and Samsung Electronics rose nearly 10 percent and 3.5 percent respectively.
The Taiwan Stock Exchange Capitalization Weighted Stock Index ended higher on the third consecutive day, up by 1.5 percent to 26,378, hitting a new historic high.
TSMC rose 3 percent on Thursday.
