SHANGHAI — Former U.S. President Donald Trump’s pending return to office has fueled a major rally among semiconductor stocks in China, with tougher American policies seen accelerating Beijing’s push to bolster its domestic chip industry.
China’s CSI Semiconductor Index gained for six straight sessions through the Monday following the Nov. 5 American presidential election, won by Trump. The index has risen 26% since the beginning of the year, outperforming the 12% increase in the broader Shanghai Composite Index and the 20% gain in the Philadelphia Semiconductor Index, or Sox, which tracks major U.S.-listed shares in the field.
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