China’s growth-oriented ChiNext and STAR Market indexes gave up gains on Aug. 28 after briefly rising more than 1%. The Shanghai Composite fell 4.3920 points, or 0.11%, to 3,952.1790, its first decline in four sessions, while the Shenzhen Component declined 0.68%, the ChiNext Index dropped 1.41%, the STAR Composite Index lost 1.57%, and the STAR 50 Index retreated 1.85%. Combined turnover on the Shanghai and Shenzhen exchanges reached 2.1 trillion yuan, down 24.2 billion yuan from the previous trading day, and more than 3,000 stocks rose despite fragmented market leadership. Semiconductor stocks led declines after attracting concentrated buying the previous day on Nvidia’s stronger-than-expected results. SMIC, Cambricon Technologies and Hygon Information Technology weakened, while banking shares gained on expectations of policy support and helped cushion the broader pullback. Agriculture, chemical, PTFE and network-security stocks remained active, with several companies reaching daily price limits. Markets are expected to remain sensitive to Chinese policy developments, U.S.-China relations, overseas chip-sector earnings and export-control news.