Hong Kong, February 9, 2026, 18:03 HKT — Market closed.
- SMIC (0981.HK) ended up 4.1% at HK$70.35 on Monday, outpacing some local tech names.
- The chipmaker’s board meets Tuesday to approve publication of unaudited quarterly results.
- Traders are also tracking broader risk appetite after a rebound in global chip stocks and a sharp Hong Kong debut for another Chinese semiconductor name.
Semiconductor Manufacturing International Corp’s Hong Kong-listed shares closed up 4.1% at HK$70.35 on Monday, after trading between HK$69.00 and HK$71.75 as investors positioned ahead of this week’s results.
The bid came as regional risk assets caught a lift on relief over a rebound in U.S. chip stocks late last week, with investors now looking to U.S. jobs, inflation and retail sales data to test rate-cut bets. Bank of America analysts said investors were “rotating from AI spenders to beneficiaries” as the trade broadens. Reuters
For SMIC, the timing matters. The company sits in the middle of China’s push to build more of its own chip supply chain, and its quarterly update can swing sentiment well beyond one stock.
A Hong Kong exchange filing showed SMIC’s board will meet on Tuesday, Feb. 10, to approve the announcement of unaudited financial results for the three months ended Dec. 31, 2025.
In Shanghai, SMIC’s shares gained about 2% to 114.93 yuan, a day after closing at 112.70 yuan, according to market data on Monday.
Chip shares also found some heat from across the road. China’s Montage Technology jumped 64% in its Hong Kong debut, and Winston Ma, an adjunct professor at NYU School of Law and former head of North America for China’s sovereign wealth fund CIC, said U.S. chip sanctions were accelerating “capital and policy support” for China’s domestic semiconductor value chain. Reuters
SMIC is a foundry — a contract chipmaker that manufactures chips designed by others. It is smaller than global leaders such as Taiwan Semiconductor Manufacturing Co and Samsung Electronics, and investors typically focus on its utilisation rates, pricing and expansion plans.
The next read is the quarter itself. Traders will look for any change in demand from domestic customers, how quickly new capacity is being filled, and what management says about spending and supply bottlenecks.
But there’s a catch. A strong share move into results can leave little room for disappointment, and any cautious tone on orders or margins could pull the stock back fast, especially with global investors still debating whether the big AI buildout will translate into steady chip demand.
