In the afternoon, the E Fund Asia Semiconductor ETF (03486) rose more than 3% to hit a new high. This ETF tracks the Solactive Asia Semiconductor Select Index, covering 30 leading Asian semiconductor companies such as SK Hynix, TSMC, SMIC, and Huahong Semiconductor. As of the drafting, it rose by 3.05% to HK$17.9, with a turnover of HK$2.2 million. On the news front, according to Wall Street News, the Financial Supervisory Commission of Taiwan announced plans to increase the single stock holding limit for local stock funds and actively managed ETFs from 10% to 25%. Boosted by this news, TSMCs stock price rose more than 5% during the trading day, hitting a new historical high. Domestic chip stocks showed strong gains today, with the latest DeepSeek-V4 model from DeepSeek making significant breakthroughs in various core technical indicators. In addition, boosted by earnings reports, the US semiconductor sector continued to perform well, with the Philadelphia Semiconductor Index rising 1.71% on Thursday for the 17th consecutive trading day, setting a new record for the longest consecutive rise in history. Zhongyuan Securities believes that the semiconductor industry is still in an upward cycle, with AI being a significant driving force for its growth.