China's Science and Technology 50 Index Surges 8.41% on July 9, Semiconductor Sector Leads Rally

According to PANews citing Financial Associated Press, China's Science and Technology 50 Index surged 8.41% on July 9, with the broader market rebounding sharply. The semiconductor industry chain saw collective strength, with chip manufacturer China Xinyi Electronics rising over 13% to a record high. Advanced packaging stocks including Changdian Technology and Landy Group hit daily limits. Semiconductor material stocks surged, with Shanghai Huachuang rising to the limit. By close, the Shanghai Composite Index gained 1.65%, the Shenzhen Component Index rose 3.07%, and the ChiNext Index climbed 4.49%. Market turnover reached 2.91 trillion yuan.
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