Chinese Chip Stocks Jump on DeepSeek V4

Chinese semiconductor stocks surged on Friday after DeepSeek unveiled its open‑source DeepSeek V4 AI model, boosting AI optimism.
SMIC (HK:0981) jumped 11% and Hua Hong Semiconductor (HK:1347) rose over 18% in Hong Kong trading.
Mainland‑listed Cambricon (SS:688256), Moore Threads (SS:688795) and Hygon (SS:688041) gained 4‑6% and over 10% respectively.
Huawei confirmed its Ascend 950 AI chips will fully support DeepSeek V4, underscoring China’s push for AI self‑reliance.