A-share Semiconductor Sector Slumps, Storage Chip Stocks Hit Downside Limits

Broad A-share decline sees semiconductor sector lead losses; storage chip names like Zhaoxin and Dongshan Precision hit 10% downside limits amid heavy volume.

Woofun AI reports that major A-share indexes retreated on July 28, with the ChiNext Index dropping over 7% and the STAR 50 Index falling more than 6%. The semiconductor sector led the downturn, particularly the storage chip segment, where multiple equities reached their daily downside limits. Zhaoxin Innovation and Dongshan Precision both hit the 10% limit down, while Zhongji Xuchuang fell 13.38% and Yese Sheng declined 14.46%. Other notable declines included Tongfu Microelectronics at -9.99%, Cambricon at -8.85%, and Horizon Robotics at -8.13%, reflecting broad weakness across the hardware supply chain.