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Hong Kong-listed chip stocks continued to decline in the afternoon, with Biren Technology (06082.HK) falling more than 18%, GigaDevice (03986.HK) falling more than 15%, and SMIC (00981.HK), Innoscience (02577.HK), Solomon Semiconductor (02878.HK) and

2026-07-02

Hong Kong-listed chip stocks continued to decline in the afternoon, with Biren Technology (06082.HK) falling more than 18%, GigaDevice (03986.HK) falling more than 15%, and SMIC (00981.HK), Innoscience (02577.HK), Solomon Semiconductor (02878.HK) and others following suit.

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2026-07-02

U.S. U-6 unemployment rate for June 7.9% vs 6.2% expected; prior 8.1%.

U.S. U-6 unemployment rate for June 7.9% vs 6.2% expected; prior 8.1%.
2026-07-02

The Ministry of Trade, Industry and Energy (MOTIE) on July 2 announced a 392 trillion-won industrial investment package targeted at the central Chungcheong region. Samsung group subsidiaries are slated to invest about 140 trillion won for an HBM wafe

The Ministry of Trade, Industry and Energy (MOTIE) on July 2 announced a 392 trillion-won industrial investment package targeted at the central Chungcheong region. Samsung group subsidiaries are slated to invest about 140 trillion won for an HBM wafer fab, advanced packaging, OLED output and battery lines; SK Hynix plans roughly 100 trillion won for NAND and advanced packaging fabs; Celltrion intends about 2 trillion won for biopharma facilities. Approximately 150 trillion won is earmarked for AI data centers. The government pledged financing, tax incentives and regulatory support to secure project implementation.
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