Shanghai’s stock index opened high but took a downward trajectory in the morning session of June 13th, with a notable recovery within the tech-heavy ChiNext index. While AI smartphone-related stocks surged, with optics specialists Dao Ming Optical and Tianyin Holdings hitting their upper price limits, the semiconductor sector saw a rebound, marked by a surge in shares of Aisen Stock at the daily limit of 20cm.
The energy sector also witnessed a rebound, spearheaded by leading gains from East Hope Age, whereas agricultural stocks broadly declined, led by a downturn in soy-related shares, with Pengdu Agriculture plummeting to its limit. Moreover, the e-commerce arena showed weakness, with Lion Head Shares and Cross-border Communication among the top losers. Notably, ispirits stocks took a hit, with Zhong Heng Group experiencing a notable decline.
Overall, the markets were predominantly bearish, with more than 3700 stocks experiencing…
