The three major A-share indices experienced a collective lower opening. Specifically, the Shanghai Composite Index dipped by 0.96%, the Shenzhen Component Index declined by 1.79%, and the ChiNext Index fell by 2.18%. In stark contrast, the newly listed stock N GigaDevice Semiconductor witnessed an extraordinary surge, with its price soaring over 274%. Among the sectors, communication equipment, semiconductors, and electronic components were the hardest hit, with Kinwong Electronic plummeting over 9%, Yuanjie Technology dropping over 6%, and YOFC declining over 5%. On the flip side, shipping stocks demonstrated robust performance, with COSCO Shipping Energy Transportation and China Merchants Energy Shipping both climbing over 2%.
