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On October 17, Chinese stocks experienced significant volatility following a joint ministry briefing on measures to support the property market. Initially, Chinese stocks climbed, but Hong Kong-listed property developers saw sharp declines. Sunac China fell by 17.5%, Kaisa dropped 12.5%, Shimao decreased by 9.3%, and Longfor was down 5.2%. The CSI 300 Real Estate Index declined by 4%. The Hang Seng Index, which had risen over 2%, turned negative, with Ronshine China down approximately 31%, Sunac China down around 25%, and Vanke down about 14%. Despite the overall market downturn, the Hang Seng Tech Index managed to narrow its gains to 0.36%. On October 18, the Hang Seng Index gained 3.7%.
On October 18, the STAR Market and ChiNext surged significantly in the afternoon. Within the STAR & ChiNext 50 Index, Cambricon-U and SMIC both hit the 20% limit up, while multiple stocks like Shanghai Silicon, Hygon Information, and Loongson Technology gained over 19%. The STAR…
#Semiconductor stocks rally sharply, nearly 20 stocks hit limit-up in A-share market. China's top chipmakers SMIC is surging by daily limit 20%. https://t.co/haGgRmRhhd https://t.co/kpCW3PiR46 https://t.co/XmWVOLWDC7
China’s stock market rallies as the ChiNext Index jumps 11%, the Shenzhen Component Index rises 6.6%, and the Shanghai Composite gains 4.1%. Brokerage stocks continue to surge, with East Money and CITIC Securities hitting limit up. #ChinaStocks #ChiNext #Shenzhen #Shanghai…
