Bank Stocks Buck the Downtrend While Memory Chip Sector Tumbles

Industry
โดย 中国基金报·Read original
Summary · why it matters

China's A-share market saw all three major indices decline in the morning session on July 13, with the Shenzhen Component Index and the STAR Composite Index both falling more than 2%. Over 4,500 stocks across the market ended in the red. The memory chip sector suffered a sharp pullback, with Demingli hitting its daily limit down, Shannon Core Innovation plunging 19.93%, and Puya Semiconductor and Beijing Junzheng both dropping over 11%. Bank stocks bucked the trend and moved higher, with Bank of Suzhou surging over 6%, Bank of Ningbo rising over 4%, and Industrial and Commercial Bank of China and Bank of Communications gaining more than 2%. The total dividends of 41 banks for the 2025 fiscal year exceeded 645.6 billion yuan, setting a new record. The traditional Chinese medicine sector saw a short-term spike, with Longshen Rongfa hitting its 20% daily limit up and Tianmu Pharmaceutical reaching its 10% daily limit up. The State Council recently approved the 15th Five-Year Plan for the Revitalization and Development of Traditional Chinese Medicine.

Impact on stocks 10

Others± Mixed · 10 stocks
Bank of Suzhou
002966
▲ PositiveCapitalrelevance

Bank stocks rose; Bank of Suzhou surged over 6% amid sector strength and record dividends.

Bank of Ningbo Co Ltd
002142
▲ PositiveCapitalrelevance

Bank stocks rose; Bank of Ningbo rose over 4% amid sector strength and record dividends.

Ingenic Semiconductor
300223
▼ NegativeDemandrelevance

Memory chip sector tumbled, dragging down chip stocks including Ingenic Semiconductor.

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