$SMIC(00981)$ Even with the pressure from the US hitting China with that crazy 104 percent tariff, China’s aerospace and semiconductor sectors are popping off.
Just look at SMIC, up a solid 7.79 percent in a single day. From April 7 to 8, while the broader market saw over 100 billion yuan in net outflows, broad-based ETFs pulled in more than 60 billion, and tech ETFs made up almost 40 percent of that.
It’s clear the national team is stepping in, doubling down on heavyweights like SMIC and China Satellite. I’m feeling bullish on SMIC going forward，this could just be the beginning. No better time to jump in than now.
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