SMIC stock price holds near HK$78 as Fed week and China PMI loom
SMIC shares closed at HK$78.10 on Friday, up 0.32%, with 36.49 million shares traded. Mainland investors held 2.39 billion shares via Stock Connect, about 29.85% of its Hong Kong-listed total as of Jan. 24. Traders are positioning ahead of the U.S. Fed meeting Jan. 27-28 and China’s factory PMI on Jan. 31.