Semiconductor Index in Chinese Stock Market Soars to Highest Since December 2021 After Six Consecutive Days of Rise

Published: Apr 6, 2023 11:39

Source: SMM

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SHANGHAI, Apr 61 (SMM) – On the morning of April 6, the semiconductor index climbed again, and it once rose by more than 5% in the intraday session, setting a new high since December 2021.

SHANGHAI, Apr 61 (SMM) – On the morning of April 6, the semiconductor index climbed again, and it once rose by more than 5% in the intraday session, setting a new high since December 2021. As of CST 11:15 on April 6, the semiconductor index has risen for 6 consecutive trading days, and its intraday high of 1,534.27 has increased by 17.21% from the previous low of 1,309.04.

After the Japanese government announced on March 31 that it intends to implement export controls on 23 types of semiconductor manufacturing equipment, China’s Ministry of Commerce issued a relevant response on April 4 saying that if Japan insists on artificially obstructing the cooperation in the semiconductor industry between China and Japan, China will take decisive measures to resolutely safeguard its legitimate rights and interests.

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