SMIC's stock price surged 5.16% during intraday trading on Monday, significantly outperforming the broader market.

The sharp rise is attributed to broad strength in the semiconductor sector, where multiple peers also posted gains. Market analysts point to improving risk appetite and anticipation surrounding key catalysts, such as the upcoming Federal Reserve meeting, as factors supporting a rebound in risk assets like technology and semiconductor stocks.

Furthermore, the market is seen transitioning into a phase driven by earnings verification and sector momentum, with structural improvements in corporate earnings helping to rebuild investor confidence in related sectors.