Chinese Chip Stocks Rise on Huawei Technology Hopes

Shares of China-based chipmakers gained on growing optimism over Huawei Technologies' new technological breakthroughs. The development, covered on Bloomberg's 'The China Show', reflects investor expectations that Huawei's advances in the semiconductor sector will positively impact other firms in the industry. As Huawei's independent chip development efforts gain momentum despite US sanctions, this has boosted confidence in domestic chipmakers aligned with China's technological self-sufficiency goals. Market participants believe Huawei's success could create opportunities for other Chinese companies in the supply chain. Analysts highlight the long-term growth potential of China's chip sector, while noting that geopolitical risks and global demand fluctuations may influence pricing in the short term. Investors observe increasing interest in companies offering semiconductor production equipment and design services. This is not investment advice.

📊 BABA — Piyasa Yorumu

▼ down · 60%

BABA shares fell more than 4% in the last close, dropping to the $130 level. Although the RSI at 38.6 is approaching oversold territory, the MACD remains below the signal line and in negative territory. Trading below the 20- and 50-day moving averages adds to short-term pressure. While positive news regarding Huawei supports Chinese chip stocks, BABA's own technical structure appears weak. Therefore, the likelihood of a continued downward trend in the short term is high.

RSI 14

38.6

MACD

-1.33

24h Δ

-4.16%

📊 0700.HK — Piyasa Yorumu

■ neutral · 60%

Although the news headline points to a rally in Chinese chip stocks, 0700.HK (Tencent) is not a direct chip manufacturer, so the impact of this news may be limited. Technical indicators paint a weak picture: the stock closed down 3.5%, with the RSI at 34.7, nearing oversold territory, while the MACD is below zero and below its signal line. The price is trading below both the 20-day (441.7) and 50-day (450.6) moving averages. In the short term, downside momentum may persist, but the oversold condition and news support could lead to a potential rebound. Therefore, no clear directional signal has emerged.

RSI 14

34.7

MACD

-3.85

24h Δ

-3.48%

📊 9988.HK — Piyasa Yorumu

■ neutral · 60%

Although the news headline points to a rally in Chinese chip stocks, 9988.HK (Alibaba) is not a direct chip company, so the positive sentiment may have a limited effect. On the technical indicators, the RSI is at 44.9, in neutral territory, while the MACD is above the signal line but negative, signaling a weak recovery. The price is just above the 20-day moving average (127.7) but below the 50-day moving average (130.9), indicating a short-term resistance zone. The 3% decline in the last 24 hours suggests the news has not had an immediate impact. Therefore, short-term direction remains uncertain.

RSI 14

44.9

MACD

-0.82

24h Δ

-3.03%

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