E Fund Asia Semiconductor ETF (03486) rose more than 2%, reaching a new high of HK$17.15. The ETF tracks the Solactive Asia Semiconductor Select Index, which includes 30 leading Asian semiconductor companies such as SK Hynix, Taiwan Semiconductor Manufacturing Company, Semiconductor Manufacturing International Corporation, and Hua Hong Semiconductor. As of writing, the ETF was up 2.45% to HK$17.14, with a turnover of HK$8.0082 million. On the news front, since March, segments including memory and wafer foundry have simultaneously entered a price hike cycle, with the industry transitioning fully from an inventory reduction phase to an inventory replenishment stage. The explosion in AI computing demand has become the core engine, and the supply-demand gap for HBM continues to widen. Leading memory companies like SK Hynix are seeing full order books, leading to profit growth exceeding expectations. Furthermore, TSMC's recently released first-quarter results surpassed expectations, and its optimistic outlook on AI prosperity during its earnings call has provided a significant boost to the entire computing industry chain.