A Chinese flag flies near buildings in the central business district in Beijing on February 27, 2018.
GREG BAKER via Getty Images
- Chinese chip stocks gained $13 billion on Monday, led by a 22% rise in shares of SMIC.
- The gains come as traders expect Beijing to extend stimulus support to the semiconductor industry.
- China has been in fierce competition with the US's chip business.
Chinese chip stocks soared Monday, fueled by hopes that Beijing's next round of...