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Chinese Chip Stocks Plunge as Investors Rotate Away From Tech

Bloomberg Markets Thursday 30 July 2026, 04:44 UTC By Bloomberg News 1 min read
Key Points

Chinese Chip Stocks Plunge as Investors Rotate Away From Tech Chinese tech stocks plunged on Thursday, led by high-flying semiconductor names, as concerns over stretched valuations and crowded positioning intensified a rotation out of one of this year’s best-performing sectors. The STAR 50 Index tumbled more than 6% to its lowest since April 30. Shares of Yuanjie Semiconductor Technology Co. and Hua Hong Grace Semiconductor Ltd. slumped at least 14% each.

Chinese Chip Stocks Plunge as Investors Rotate Away From Tech Chinese tech stocks plunged on Thursday, led by high-flying semiconductor names, as concerns over stretched valuations and crowded positioning intensified a rotation out of one of this year’s best-performing sectors. The STAR 50 Index tumbled more than 6% to its lowest since April 30. Shares of Yuanjie Semiconductor Technology Co. and Hua Hong Grace Semiconductor Ltd. slumped at least 14% each. The tech-heavy gauge — on track for its sixth decline in seven sessions — has lost nearly 29% in July after surging about 75% in the previous three months.
Chinese (ORG) Yuanjie Semiconductor Technology Co. (ORG) Hua Hong Grace Semiconductor Ltd. (ORG)
Originally published by Bloomberg Markets Read original →

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