Semiconductor Stocks Surge, SMIC Gains Over 2% on July 16

According to Jin10, semiconductor stocks surged on both A-shares and Hong Kong stock markets on July 16. Chinese chipmaker SMIC (00981.HK) climbed over 2% in Hong Kong trade, while fellow Hong Kong-listed semiconductor company SambaNova (09903.HK) rose over 3%. The broader sector rally was led by strong performances across multiple chips and semiconductor-related names.
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