CSI 500 Index Falls Over 4% on July 16; Semiconductor Sector Slides

According to Cailian Press on July 16, China's major stock indices declined broadly, with the CSI 500 Index falling over 4%, the Shenzhen Component Index down nearly 2%, and the ChiNext Index down nearly 3%. Shanghai and Shenzhen markets recorded combined turnover of 2.4 trillion yuan.

The semiconductor supply chain faced significant selling pressure, with semiconductor equipment stocks continuing to weaken. Shenghui Integrated hit daily limit-down for a second consecutive day, while Delming Microelectronics and Zicang Innovation also experienced notable declines.