Shanghai Composite falls as China GDP slowdown hits tech stocks

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3▲1 ▼4Impact / 5
Summary · why it matters

On the 15th, the Shanghai Composite Index fell on the mainland Chinese stock market, closing down 0.29% from the previous day at 3,955.58 points. The Shenzhen Component Index dropped 0.97% to 14,779.40 points. China's April-June real GDP growth slowed to 4.3%, missing market expectations, and economic concerns weighed on sentiment. By sector, semiconductors and electronic components declined, with notable drops in tech stocks such as BOE Technology Group, Shennan Circuits, Unigroup Guoxin Microelectronics, and Dawning Information Industry. Meanwhile, medical services, baijiu, and tourism retail were bought, and Giant Network Group hit its daily limit up.

Impact on assets 5

Others± Mixed · 5 stocks
Giant Network Group Co Ltd
002558
▲ PositiveDemandrelevance

Giant Network Group hit its daily limit up as medical services, baijiu, and tourism retail were bought, indicating positive demand for its gaming/entertainment services.

BOE Tech Group
200725
▼ NegativeDemandrelevance

GDP slowdown and economic concerns weigh on demand for semiconductors and electronic components, impacting BOE Tech Group.

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