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Hong Kong semiconductor stocks reversed from earlier gains; Tianshu Zhixin (09903.HK) fell more than 8%, Kangtelong (01912.HK) dropped over 5%, and GigaDevice (03986.HK) and SMIC (00981.HK) turned negative.

2026-09-21

Hong Kong semiconductor stocks reversed from earlier gains; Tianshu Zhixin (09903.HK) fell more than 8%, Kangtelong (01912.HK) dropped over 5%, and GigaDevice (03986.HK) and SMIC (00981.HK) turned negative.

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2026-09-20

Chinese military sources said on September 18 the frigate HMNZS Te Mana and replenishment ship HMNZS Aotearoa transited the Taiwan Strait; the PLA tracked and monitored them throughout and said the situation was under control.

Chinese military sources said on September 18 the frigate HMNZS Te Mana and replenishment ship HMNZS Aotearoa transited the Taiwan Strait; the PLA tracked and monitored them throughout and said the situation was under control.
2026-09-21

Galaxy Securities says Fed rate hikes do not change the core logic that AI will raise productivity. AI infrastructure build-out is boosting near-term demand for chips, power and related inputs, but over the medium-to-long term AI should lift total-fa

Galaxy Securities says Fed rate hikes do not change the core logic that AI will raise productivity. AI infrastructure build-out is boosting near-term demand for chips, power and related inputs, but over the medium-to-long term AI should lift total-factor productivity and expand supply capacity, producing structural disinflationary pressure that can offset inflation. Global AI capex remains on an upward trend and compute demand should continue to expand. Several Fed officials have signaled AI may raise the neutral rate, implying that even if nominal rates stay elevated the real policy rate could be relatively low. Galaxy concludes the AI sector’s growth resilience should sustain development in a higher-rate environment, and rate-driven valuation repricing may offer more reasonable entry points for firms with genuine earnings support.
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