Hong Kong-listed semiconductor stocks experienced an early rally at the market open.
ILUVATAR COREX saw gains exceeding 11%, while Biren Technology advanced more than 8%. Huahong Grace rose over 5%, and SMIC increased nearly 3%.
The upward movement follows news that two major domestic GPU companies from Shanghai, Biren Technology and ILUVATAR COREX, have been included in the Hong Kong Stock Connect program, effective from June 8. Additionally, Hong Kong Exchanges and Clearing announced on June 9 that Biren Technology and ILUVATAR COREX will be added to the Hang Seng Tech 100 Index.