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A-share memory chip stocks rebound, with Torrens up more than 16%

A-share memory chip stocks rebound, with Torrens up more than 16%

China memory chip shares turned higher in afternoon trading on July 29, lifting Torrens, C Changxin and Zhengfan Technology while earlier losses in Tongfu Microelectronics and GigaDevice narrowed; the Shenzhen Component Index briefly rose more than 1%.

Fact Check
Two caller-supplied primary sources (Odaily 504729 and BlockBeats 358639) state the exact same facts as the claim: on July 29, Torrens rose over 16%, C Changxin over 6.5%, Zhengfan Technology over 10%, while Tongfu Microelectronics and GigaDevice losses narrowed and the Shenzhen Component Index rose over 1%. Multiple independent outlets (Caiwennews, TradingView/PANews, TechFlow) reproduce identical figures and stock codes. All quantitative details in the claim match the sources precisely.
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Summary

China A-share memory chip stocks rebounded in afternoon trading on July 29, led by Torrens with a gain of more than 16%. C Changxin rose over 6.5% and Zhengfan Technology climbed more than 10%, while earlier declines in Tongfu Microelectronics and GigaDevice narrowed. The sector-wide recovery in storage chip shares coincided with broader market strength, with the Shenzhen Component Index briefly rising more than 1% during the session.

Terms & Concepts
  • A-share: Mainland China-listed stocks
  • memory chip: Semiconductor used for data storage
  • Shenzhen Component Index: A benchmark index tracking major stocks listed on the Shenzhen Stock Exchange in China