A-Share Market Wrap-Up: STAR 50 Index Tumbles Over 5%, Consumer Sectors Buck the Downturn
18 hour ago / Read about 0 minute
Author:小编   

On May 29, the A-share market followed a trajectory of opening strong but closing weak. The ChiNext Index saw a decline of over 2%, while the STAR 50 Index experienced a significant plunge, dropping more than 5%. Semiconductor chip stocks bore the brunt of the sell-off, with several companies, including Huatian Technology, JSMC, and Silan Microelectronics, hitting their daily downward limits. Meanwhile, heavyweights like SMIC, Cambicon, and Hua Hong Semiconductor all witnessed drops exceeding 5%. When examining sector-specific trends, the liquor, retail, real estate, and innovative drug sectors emerged as resilient performers, rising against the broader market downturn. Conversely, semiconductors, photovoltaics, the military industry, and robotics sectors were among the hardest hit, featuring prominently among the day's top decliners.