China’s largest chip foundry, Semiconductor Manufacturing International Corp, dropped 6.2% in overnight trading in Hong Kong, after news media reported that Washington might impose tighter controls on US exports of chip-making equipment to the world’s fifth-largest chip fabricator. The Hong Kong China Enterprises Index followed SMIC down, despite a modest rally among the stronger China property names.
To continue reading, please log in to your AT+ Premium account. Not yet a member? Please signup for AT+ Premium monthly membership, AT+ Premium yearly membership, AT+ Premium yearly membership (educator), AT+ Premium yearly membership (student) or AT+ Premium Access membership.