Semiconductor Manufacturing International Corporation (SMIC) saw its stock price surge by 13.20% in Thursday's trading session, leading a broader rally in Hong Kong's semiconductor sector. The company's shares closed at HK$89.65, marking a significant milestone as it reached a new 52-week high.

This impressive gain marks SMIC's third consecutive day of positive performance, reflecting growing investor confidence in the semiconductor industry. Other notable performers in the sector included Hua Hong Semiconductor, which rose 8%, and Shanghai Fudan Microelectronics, which gained 5%.

The robust performance of SMIC and its peers contributed to an overall positive sentiment in the Hong Kong stock market. The Hang Seng Index rose 1.6% to close at 27,287.12 points, indicating a favorable trading environment. While SMIC's trading volume of 67.4 million shares was below its 50-day average of 128.4 million, the reduced volume did not impede the stock's substantial price increase.