Feitian Technologies, Hengbao, Chutianlong and Cuiwei hit their daily limits as money moved out of semiconductors after a month-long slide.
China's A-share market rotated into digital currency-related stocks, sending several policy-linked names sharply higher. Feitian Technologies, Hengbao, Chutianlong and Cuiwei all hit their daily limit-up levels, described in the source as digital currency concept stocks. The move came after technology and semiconductor shares had fallen for a month, prompting capital to seek other areas of the market. In that rotation, the digital currency theme appeared to attract flows because valuations were seen as relatively low, market capitalizations were smaller, and the group carried policy-related appeal.