Summary · why it matters
Dedemingli hit limit down for the third consecutive trading day, with the semiconductor, CPO, and memory chip sectors opening broadly lower. Guanghe Technology, Hongban Technology, and Huatian Technology fell more than 9%, while Shengyi Technology and Shannon Core Innovation dropped over 8%. Hong Kong-listed chip concept stocks also weakened, with GigaDevice down more than 7%, and Hua Hong Semiconductor and SMIC falling over 2%. Overnight in the US, memory and semiconductor stocks continued to slump heavily, with SanDisk plunging more than 12%, Seagate Technology down 10%, Western Digital off more than 9%, and Intel, Arm, AMD, Broadcom, and Micron Technology all losing over 5%. The Philadelphia Semiconductor Index fell 4.29% in a single day and has dropped more than 16% since July.