On the afternoon of May 29, the stocks traded on the STAR Market witnessed a substantial downturn, with the STAR 50 Index registering a decline exceeding 5%. Notably, SMIC's stock plummeted by over 8%, while Cambricon's shares fell by more than 5%. Heavyweight stocks, including Hygon Information, Hua Hong Semiconductor, and NAURA Technology, were at the forefront of this downward trend, spearheading the market's retreat.
