(Yicai Global) June 22 -- Chip firms in China's stock markets continued rallying in the morning session after a strong opening. The sector had risen over 2 percent overall by lunch time.

Shanghai-based leading chip maker Semiconductor Manufacturing International [HK:0981] went up 6.55 percent to HKD24.4(USD3.15) by 11.42 a.m. The company got approval on June 19 for a secondary listing on Shanghai's Nasdaq-style Star Market.

PNC Process Systems [SHA:603690], an equipment supplier of China’s biggest foundry firm Semiconductor Manufacturing International Corp., hit the 10 percent limit up to stop trading at CNY36.26 (USD5.10) at the half break, leading the mainland’s chip sector.

The Shanghai Composite Index closed 0.28 percent higher at 2,975.87. The Shenzhen Component Index was 11,733.06, up 0.56 percent and the ChiNext Price Index, which tracks growth enterprises in Shenzhen, rose 1.12 percent to 2,345.42.

Editor: Ben Armour