Hong Kong's Hang Seng Tech Index experienced significant gains, surging by up to 6% on October 18, 2024. The broader Hang Seng Index also saw an increase of 3.7%. The rally was driven by a strong performance in semiconductor stocks. HK-listed semiconductor makers such as HG Semis, SMIC, and Huahong Semi saw substantial increases, with HG Semis rising 32%, SMIC extending its rally to 15%, and Huahong Semi gaining 11.8%. In the A-share market, nearly 20 semiconductor stocks hit their daily limit-up, with China's top chipmaker SMIC surging by the daily limit of 20%. Chinese brokerage firms also strengthened during the trading session. The Hang Seng Tech Index was up more than 5% earlier in the day.