SMIC Hong Kong shares hit 3-week high on Q3 profit beat

By Reuters News

** Hong Kong-listed shares of Semiconductor Manufacturing International Corp 0981.HK (SMIC) rise 7.3% to HK$52.3, their highest since October 21

** Stock on track for biggest one-day pct gain since November 4; top pct gainer in the benchmark Hang Seng Index .HSI, which slips 0.5%

** Shanghai-listed stock climbs 4.1% to 116.28 yuan, highest since September 30

** China's biggest contract chipmaker reports 123.4% jump in third-quarter profit on Thursday, beating analyst estimates

** SMIC expects full-year revenue to exceed $1.2 billion as its capacity utilisation rate continues to rise

** Says semiconductor supply chain for AI-related applications will remain tight through 2027 on demand from data centres and private clouds

** YTD, Hong Kong stock down 29.9%, Shanghai-listed shares down 7%, Hang Seng TECH Index .HSTECH down 29.2%

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