[SHANGHAI] Cambricon Technologies shares tumbled by the most in nearly eight months after investors cashed out of one of the more spectacular Chinese stock rallies of 2025.
Shares of the AI chip designer closed 14 per cent lower, extending losses into a second day. That helped wipe 6.1 per cent off the SSE Science and Technology Innovation Board 50 or Star 50 Index. That sell-off reflected growing wariness about a recent surge in tech stocks and the broader Chinese market, as well as Cambricon’s doubling in market value this year.
Chinese equities have gone on a tear in recent weeks, with the benchmark CSI 300 Index surging 10 per cent last month to become one of the world’s best performers. But those gains have also drawn scrutiny from regulators worried about how any sharp reversal could inflict heavy losses on retail investors.
The CSI gauge slumped 2.1 per cent on Thursday (Sep 4), its worst performance in almost five…
