A-shares closed lower: The ChiNext index rose initially but then fell back, closing down 1.77%, while the pharmaceutical and coal sectors bucked the trend and strengthened.
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A-shares closed lower: The ChiNext index rose initially but then fell back, closing down 1.7%, with robotics and lithium mining concepts experiencing a collective correction.
PANews reported on July 8th that, according to Cailian Press, the market experienced volatile adjustments, with all three major indices closing lower. The combined turnover of the Shanghai and Shenzhen stock exchanges was 2.56 trillion yuan, a decrease of 17.6 billion yuan compared to the previous trading day. Market hotspots were scattered, with over 3,700 stocks declining. In terms of sectors, the computing power leasing concept bucked the trend, with YunSai Zhilian, DataPort, Wangsu Science & Technology, Nanxing Shares, and 263 all hitting their daily limit. The AI server concept was active, with Inspur Information hitting its daily limit. Gold stocks fluctuated and rose, with Zhaojin Gold rebounding to its daily limit. The information security concept saw unusual upward movement, with Green Alliance Technology hitting its 20% daily limit and Zhongcheng Technology rising over 16%. On the downside, the humanoid robot concept fluctuated and adjusted, with Estun, Dayang Electric, and Rifeng Precision Machinery hitting their daily limit. The lithium mining concept collectively weakened, with Tianqi Lithium, Rongjie Shares, and Shengxin Lithium Energy hitting their daily limit. At the close, the Shanghai Composite Index fell 0.49%, the Shenzhen Component Index fell 1.87%, and the ChiNext Index fell 1.7%.
U.S. stocks closed lower across the board, with semiconductor, memory, and optical communication sectors leading the declines. The Philadelphia Semiconductor Index fell 4.65%.
According to BlockBeats, on July 8th, based on BIT (bit.com) market data, the US reinstated military strikes against Iran and oil sanctions. As a result, all three major US stock indices closed lower: the Dow Jones Industrial Average fell 0.25%, the Nasdaq Composite fell 1.16%, and the S&P 500 fell 0.45%. The semiconductor and memory sectors declined, with the Philadelphia Semiconductor Index falling 4.65%, and SpaceX falling nearly 7%, hitting a new low since its IPO. The memory sector saw the largest declines, with Western Digital (WDC) down 7.86%, Seagate Technology (STX) down 4.68%, Micron Technology (MU) down 4.71%, and SanDisk (SNDK) down 7.26%. Semiconductor stocks generally declined, with Lam Research (LRCX) down 6.87%, Applied Materials (AMAT) down 6.46%, Marvell Technology (MRVL) down 7.45%, KLA-Tec (KLAC) down 7.22%, AMD (AMD) down 6.51%, and Intel (INTC) down 9.66%. Optical communication concept stocks also faced pre-market pressure, with Astera Labs (ALAB) down 11.12%, Ciena (CIEN) down 3.44%, Coherent (COHR) down 6.43%, Lumentum (LITE) down 4.42%, and Corning (GLW) down 4.84%.
All three major U.S. stock indexes closed lower, with HOOD falling more than 3.62%.
PANews reported on July 8th that, according to Bybit data, all three major U.S. stock indexes closed lower: the Dow Jones Industrial Average fell 0.40%, the Nasdaq Composite fell 1.80%, and the S&P 500 fell 0.60%. Cryptocurrency stocks generally declined, with COIN (Coinbase) falling 3.51% and HOOD (Robinhood) falling 3.62%.
Midday Review: The ChiNext Index rose 1.58% in the morning session, with robotics concept stocks experiencing a collective surge.
According to Mars Finance, the market rallied in the morning session, with the ChiNext index showing strength. The combined turnover of the Shanghai and Shenzhen stock exchanges was 2.06 trillion yuan, a decrease of 182.3 billion yuan compared to the previous trading day. Hot sectors rotated rapidly, with over 3,500 stocks rising. In terms of sectors, the robotics concept surged, with over twenty constituent stocks hitting their daily limit. Estun achieved three consecutive daily limits in four days, Riying Electronics achieved two consecutive daily limits, and Wolong Electric Drive, Shoukai Shares, and many other stocks also hit their daily limits. The gold concept continued its strong performance, with Zhaojin Gold and Chifeng Gold achieving two consecutive daily limits, and Sichuan Gold, Western Gold, and Shanjin International all hitting their daily limits. The PCB concept rebounded after fluctuations, with Shennan Circuits hitting its daily limit. The power grid equipment sector strengthened, with Huaming Equipment, Jinzhi Technology, and Zhongyuan Shares hitting their daily limits. On the downside, the semiconductor materials sector fluctuated and declined, with electronic specialty gases and photoresist sectors leading the decline. Duofuduo and Jianghua Microelectronics touched their daily limits. At the close, the Shanghai Composite Index rose 0.69%, the Shenzhen Component Index rose 1.39%, and the ChiNext Index rose 1.58%. (Cailian Press)
At the opening of the US stock market, the Dow Jones Industrial Average rose 0.09%, while the Nasdaq Composite Index fell 0.6%.
According to Mars Finance, Gate.com data shows that at the opening of the US stock market, the Dow Jones Industrial Average rose 0.09%, the S&P 500 fell 0.22%, and the Nasdaq Composite fell 0.6%. Chip stocks continued their pullback, with SanDisk down 6.5%, Western Digital down 6.7%, and Micron Technology down 6.07%. SpaceX was officially included in the Nasdaq 100 index today, and its stock price fell 1.7%.
SpaceX shares fell 1.2% in pre-market trading after being included in the Nasdaq 100 index.
According to Mars Finance, citing Jinshi, SpaceX shares fell 1.2% in pre-market trading after the company's stock was included in the Nasdaq 100 index and several brokerages began covering the stock.