The Shenzhen Component Index flipped to the green in afternoon trading, despite having surged more than 1.8% earlier in the day. Concurrently, the gains of both the Shanghai Composite Index and the ChiNext Index also underwent notable retracements. Semiconductor chip stocks exhibited weakness, with notable declines in the share prices of SMIC, Espressif Systems, Bright Memory Technology, GigaDevice Semiconductor, and JCET Technology.
