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On August 20, China's A-share indexes collectively closed on a positive note. The Shanghai Composite Index surged by 1.04%, marking a fresh 10-year high. Meanwhile, the Shenzhen Component Index advanced by 0.89%, and the ChiNext Index edged up by 0.23%. Notable standouts included the semiconductor, computer hardware, and automotive sectors, with notable gains from SAIC Motor, Inspur Information, and VeriSilicon Holdings, whose shares reached their daily trading limits. VeriSilicon Holdings saw a surge of over 15%, while Cambrian Innovation gained more than 8%, setting a new all-time high. Conversely, the biotechnology sector lagged behind, with Wonfo Biotech dropping over 6%, and Hotgen Biotech and Sinovac Biotech each declining by more than 3%.
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