Stock Track | SMIC Soars 6% as China Tech Stocks Surge on Growth Optimism

Stock Track

2024-12-27

Semiconductor Manufacturing International Corp (SMIC), China's leading chipmaker, saw its shares surge by 6% in pre-market trading on Friday.

The stock's rally came as Chinese tech stocks broadly gained amid renewed optimism about China's economic growth prospects. Investors are betting that Beijing will deliver more stimulus measures, such as interest rate cuts and increased government borrowing, to spur growth and support the technology sector.

In addition to SMIC's gains, other Chinese tech giants like Xiaomi, Li Auto, and Kingsoft also experienced significant price increases on Friday. The buying frenzy in China tech stocks reflects investors' expectations of a potential policy boost from the government to revive the slowing economy.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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Investors are betting that Beijing will deliver more stimulus measures, such as interest rate cuts and increased government borrowing, to spur growth and support the technology sector.</p>\n<p>In addition to SMIC's gains, other Chinese tech giants like Xiaomi, Li Auto, and Kingsoft also experienced significant price increases on Friday. 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