STAR 50 and the Shenzhen Component erased early gains, while combined Shanghai and Shenzhen turnover fell to CNY2.65 trillion from the previous session.
China’s major stock indexes closed mixed on July 22, with the STAR 50 and Shenzhen Component surrendering early gains and the ChiNext Index falling 3.23%. Trading activity also softened, with total turnover in Shanghai and Shenzhen reaching CNY2.65 trillion, down CNY303.7 billion from the prior session, while more than 3,800 stocks declined. Sector performance pointed to a split market: power and non-ferrous metals shares advanced against the broader weakness, while memory chip and PCB (printed circuit board) names struggled. Lix New Energy posted its fifth straight daily limit-up and Huayin Electric Power its fourth, while Shengda Resources and Zhaojin Gold also hit daily limit-ups. Demingli extended losses in the chip segment, recording its sixth limit-down in eight sessions.