China's A-Share Market Closes Lower Despite Soaring Chip Stocks
Liao Shumin
/SOURCE : yicai
China's A-Share Market Closes Lower Despite Soaring Chip Stocks

(Yicai Global) May 20 -- China's stock market closed lower today despite a recovery of part of the loss in the afternoon trading session. Agriculture stocks kept falling all day, while chips manufacturers led the gains.

The Shanghai Composite Index closed 0.41 percent lower at 2,870.60, with a turnover of CNY199.2 billion (USD28.8 billion). The Shenzhen Component Index dropped 0.93 percent to 8,916.11, with a trading volume of CNY263.5 billion. The ChiNext Index closed 0.64 percent lower at 1,469.31, with a turnover of CNY78.1 billion.

Stocks of chips designers and manufacturers lead gains by an average of 3.71 percent at the close. Jilin Sino-Microelectronics [SHA:600360], Shen Zhen Kaifa Technology [SHE:000021], Tianshui Huatian Technology [SHE:002185],Jiangsu Changjiang Electronics Technology [SHA:600584], Ingenic Semiconductor [SHE:300223] closed 10% higher, at the daily upper limit.

Editor: William Clegg

Follow Yicai Global on
Keywords: A-Shares , Chip Stocks