A-share semiconductor sector turns positive following Korean stocks, Huahai Qingke surges 19.01%.

BlockBeats News, June 29, Monday—during the early trading session, A-share semiconductor stocks once followed a pullback in relation to the relevant stocks in South Korea. At one point during the trading session, the Korea KOSDAQ index triggered a program trading circuit breaker, with a maximum decline of 3.8%. Samsung Electronics and SK Hynix, the two major chip leaders, both dropped sharply right after the open, but the downtrend was soon interrupted by news of a new round of capacity expansion along South Korea’s storage supply chain.

Earlier in the afternoon, the South Korean government released its latest industrial plan. President Lee Jae-myung said that South Korea must push forward the construction of chip production facilities as quickly as possible. Existing industrial parks have already approached their carrying limits in terms of water resources and infrastructure. In the future, the country will focus on expanding its semiconductor supply capacity by investing in the southwestern region. According to the plan, South Korea is expected to build four chip manufacturing plants in the southwest, with total investment of approximately 800 trillion won, and plans to invest at least 30 trillion won over the next 15 years in semiconductor fields such as next-generation memory, edge AI, and defense.

Affected by this news, the Korea Composite Stock Price Index (KOSPI) turned from falling to rising in the afternoon, and related A-share stocks rebounded in sync. Among them, Huahai Qingke surged 19.01%, HPMicro rose 8.58%, Anji Technology gained 9.46%, Hysano Industry rose 11.30%, Sienence Micro-Tech rose 9.06%, and Huafeng Test & Control Technology rose 10.21%.