Stocks in Hong Kong are on the move | SMIC (03986.HK) rises nearly 9% to hit a new high, it is reported that Apple hopes to purchase Changxin's memory, Citigroup is optimistic about the Changxin-related supply chain.

According to the Wise Finance app, Zhaoyi Innovation (03986.HK) rose nearly 9% in the morning session, and the stock price hit a new historical high. As of the time of writing, it rose 8.03% to 1170 Hong Kong dollars, with a trading volume of 3.74 billion Hong Kong dollars.