The Shanghai Composite Index closed down 1.25% on May 27, falling below 4100 points as defensive sectors showed resilience. The STAR Market 50 Index experienced a significant intraday drop of over 3%, highlighting a divergence in market performance. Despite the overall decline, defensive sectors, including consumer and power sectors, saw gains. Notably, liquor and retail stocks like Shuijingfang and Bubugao hit their daily limits, while power companies such as Huadian Energy continued to rise.
In contrast, robotics and semiconductor equipment sectors faced declines, with companies like Julun Intelligent and Tuojing Technology experiencing significant losses. The Shenzhen Component Index also fell by 0.88%, while the ChiNext Index managed a slight increase of 0.07%. The combined turnover of the Shanghai and Shenzhen stock exchanges was 3.24 trillion yuan, marking a decrease from the previous trading day.
Shanghai Composite Index Drops Over 1% Amid Mixed Market Performance
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