🔴 China Semiconductor ETF (3191.HK) is trading 3.6% down as AI-demand concerns pressure chip stocks

3191.HK is trading at HK$72.24 (-3.60%) as reports put OpenAI’s annualized revenue below prior expectations, heightening AI-demand concerns.

• Hong Kong semiconductor shares broadly weakened October 8: SMIC fell 6.73%, GigaDevice 7.47%, and Montage Technology 6.05%.
• Brent crude surged above $105, while Treasury yields remained elevated, renewing inflation and rate worries for growth-sensitive technology shares.