Hong Kong-listed semiconductor chip stocks saw a sharp pullback in early trading, with Tianshu Zhixin (09903.HK) falling over 7%, GigaDevice (03986.HK), ASMPT (00522.HK), and Innoscience (02577.HK) all falling over 6%, Chipwise Holdings (02166.HK) and Hua Hong Semiconductor (01347.HK) both falling over 5%, and SMIC (00981.HK), Montage Technology (06809.HK), and Biren Technology (06082.HK) all falling over 4%.