Stock Track | HUA HONG SEMI Plummets 5.03% Intraday as Nvidia's China Approval Sparks Profit-Taking

Stock Track

12/09

HUA HONG SEMI (01347) saw its stock price drop sharply by 5.03% during Tuesday's intraday trading session. The decline comes amid broader weakness in Hong Kong- and China-listed chip stocks.

The sell-off follows the U.S. approval for Nvidia to sell its H200 artificial-intelligence chips in China, which has raised concerns about potential profit-taking in the sector. DBS Group Research highlighted this risk in its commentary, noting that companies like HUA HONG SEMI and Semiconductor Manufacturing International Corp. were broadly lower following the announcement.

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The decline comes amid broader weakness in Hong Kong- and China-listed chip stocks.</p><p>The sell-off follows the U.S. approval for Nvidia to sell its H200 artificial-intelligence chips in China, which has raised concerns about potential profit-taking in the sector. 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