Hua Hong Semiconductor, SMIC rise after DeepSeek previews new model

Semiconductor Manufacturing International

24/04/2026 06:45

** Hong Kong shares of Hua Hong Semiconductor 1347.HK, leading rise in semiconductor stocks, jump 19.4% to HK$112.1, their highest point since February 2

** Stock set for the biggest one-day pct gain since February 19, 2025; top pct gainer in Hang Seng TECH Index .HSTECH, which adds 0.3%

** Hua Hong Shanghai stock 688347.SS surges 14.7% to 141.8 yuan, highest since February 3

** Semiconductor and chip shares rose as the market expects DeepSeek's new model V4 to run on homegrown chips - traders

** Chinese AI startup DeepSeek launched a preview of its highly anticipated new model, the V4, on Friday saying the latest model outperforms other open-source models in world-knowledge benchmarks

** Shares of Semiconductor Manufacturing International Corp (SMIC) 0981.HK rise 11.7% to HK$65.3, highest level since March 12

** YTD, Hua Hong Hong Kong shares up 47%, Shanghai-listed stock up 29.5%, while SMIC shares down 11.5%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))