Goldman Sachs analyst Allen Chang upgraded Semiconductor Manufacturing International Corp. (981:HK) (OTC: SMICY) stock rating from Neutral to Buy and raised the price target to HK$62.70 from HK$43.60.
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China's chip stocks surged on Wednesday, with several continuing to rise and some hitting the highest levels since 2022.
Global hedge funds have been snapping up Chinese stocks for much of this year, with their buying accelerating in the past ...
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