Chinese equity markets declined, with semiconductor and robot-related stocks sold off amid economic concerns and earnings from some companies that missed expectations. The CSI 300 Index posted its biggest one-day drop in a month on a closing basis. Unitree Technology, China's best-known humanoid robot maker, listed on the STAR Market of the Shanghai Stock Exchange and closed 460% above its offer price. Meanwhile, the CSI Robot Index fell 7.9%, while telecommunications dropped 8% and semiconductors fell 7.8%, leading the declines. In Hong Kong, Baidu plunged 11% after its second-quarter results missed expectations.
Baidu IncBaidu's Q2 results missed expectations, causing an 11% plunge.
