Stock Track | SMIC Soars 5.98% Intraday Amid U.S. Tariff Ruling and Renewed Tech Optimism

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SMIC's stock soared 5.98% during intraday trading on Monday, reflecting a sharp uptick in investor sentiment.

The surge was driven by a U.S. Supreme Court ruling that struck down former President Donald Trump's sweeping tariffs, which is expected to significantly lower tariff rates for China. Analysts note that China's tariff rates could decline from 32% to 24%, boosting risk appetite for Chinese tech stocks listed in Hong Kong.

Additionally, renewed optimism towards China's artificial intelligence developments and the anticipation of President Trump's upcoming visit to China further supported the positive market mood. Early data from the Chinese New Year holiday also indicated firm demand, contributing to the overall upbeat sentiment in the region.

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Analysts note that China's tariff rates could decline from 32% to 24%, boosting risk appetite for Chinese tech stocks listed in Hong Kong.</p><p>Additionally, renewed optimism towards China's artificial intelligence developments and the anticipation of President Trump's upcoming visit to China further supported the positive market mood. Early data from the Chinese New Year holiday also indicated firm demand, contributing to the overall upbeat sentiment in the region.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00981","symbol_name":"中芯国际","start_time":0,"source_url":"","article_id":"1112871607","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1112871607","pubTimestamp":1771827527,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"SMIC's stock soared 5.98% during intraday trading on Monday, reflecting a sharp uptick in investor sentiment.The surge was driven by a U.S. Supreme Court ruling that struck down former President...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00981":"中芯国际"},"translate_title":"个股追踪|美国关税裁决及科技乐观情绪重燃中芯国际盘中飙升5.98%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00981":1},"content_text":"SMIC's stock soared 5.98% during intraday trading on Monday, reflecting a sharp uptick in investor sentiment.The surge was driven by a U.S. Supreme Court ruling that struck down former President Donald Trump's sweeping tariffs, which is expected to significantly lower tariff rates for China. 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