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Yushu Surges 486% on First Day of Trading, Chinext Index Falls Nearly 5%, STAR 50 Index Drops Over 6%
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BlockBeats News, August 19th. Today, Yushu Technology was listed, with the stock rising 486.12% in the morning session, and the transaction volume exceeding $17.7 billion.

However, possibly affected by overseas market adjustments, the three major A-share indexes opened lower this morning. By midday, the Shanghai Composite Index fell by 1.96%, the Shenzhen Component Index fell by 3.97%, and the Growth Enterprise Index fell by 4.98%. The Sci-Tech Innovation 50 Index dropped by 6.07%. The total transaction volume in the morning session on the Shanghai and Shenzhen exchanges was $1.62 trillion, a decrease of $18.2 billion compared to the previous trading day. Over 4900 individual stocks in the entire market experienced a decline.

On the market, the humanoid robot concept experienced a downturn, with Shangwei New Materials falling by 18.75%. Over 20 stocks such as Jiangsu Northman, Phoenix Precision, Green Harmonic, and Changsheng Axle Bearing fell by over 10%. The MLCC concept, CPO concept, and storage chip sector led the declines, with multiple stocks like Shengke Communication, Chipone Share, Shengyi Technology, Westone Testing, Shanghai Shenmei, and Huahong Power falling by over 10%.

Fuente:BlockBeats

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