$HUA HONG SEMI(01347.HK)

In the past two days, the Hong Kong stock market's semiconductor sector has been collectively sluggish, with Hua Hong Semiconductor (1347.HK) also at the center of the storm. According to recent news, global semiconductor stocks have faced a wave of sell-offs, as investors grow increasingly concerned about the high valuations of tech stocks. Against the backdrop of persistently high Federal Reserve interest rates and tightening liquidity, market risk aversion has intensified, leading to a collective pullback in high-growth sectors like semiconductors and AI. Particularly affected by the decline in U.S. tech giants, Hong Kong's "semiconductor brothers" have also struggled to stay immune. For instance, Hua Hong Semiconductor recently saw a single-day drop of over 4%, inevitably causing concern. While some institutions remain optimistic about the medium- to long-term appeal of Hong Kong's market, the short-term high volatility and changes in capital flows indeed warrant caution. How long do you think this semiconductor stock slump will last?