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Chinese stocks drop as chipmakers selloff continues
(19-Aug-2026, 17:38 Hours IST)  
Chinese stocks faced significant selling pressure on Wednesday, with the Shanghai Composite down 2.40% to 3,894.4 and the Shenzhen Component falling 5.01% to 13,890.2. Semiconductor stocks led the decline due to rising government bond yields, persistent inflation, high fiscal spending, and heavy debt issuance, raising concerns about borrowing costs. Geopolitical tensions and fears of energy supply disruptions heightened worries about sustained inflation.

The decline in chip stocks worsened after GigaDevice reported its first-half 2026 results, which showed a revenue increase of 178.7% to RMB 11.57 billion and a net profit surge of 1,091.5% to RMB 6.86 billion, though slightly below expectations. Major semiconductor stocks like SMIC, Cambricon Technologies, and Hygon Information Technology saw sharp declines, with losses ranging from 5.16% to 12%.

Monday, August 24, 2026 01:46:00 PM
Adani Ports1676.60comprofit(-1.20)%
      
Asian Paints2633.95comprofit(-0.24)%
      
Axis Bank1233.60comprofit(-1.02)%
      
Bajaj Finance1082.95comprofit(-0.94)%
      
Bajaj Finserv2002.05comprofit(-1.31)%
      
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Bharti Airtel1937.25comprofit(-0.50)%
      
Eternal327.10comprofit(-0.15)%
      
HCL Technologi..1318.30comprofit(1.10)%
      
HDFC Bank726.30comprofit(-0.16)%
      
Hind. Unilever2015.50comprofit(-0.07)%
      
ICICI Bank1414.65comprofit(-0.31)%
      
Infosys1129.65comprofit(0.86)%
      
Interglobe Avi..5112.35comprofit(0.38)%
      
ITC268.00comprofit(-0.67)%
      
Kotak Mah. Ban..399.50comprofit(-0.82)%
      
Larsen & Toubr..4088.00comprofit(0.00)%
      
M & M3416.80comprofit(-0.01)%
      
Maruti Suzuki13530.00comprofit(-0.37)%
      
NTPC338.65comprofit(-0.41)%
      
Power Grid Cor..269.00comprofit(-1.21)%
      
Reliance Indus..1305.90comprofit(-0.62)%
      
SBI1033.50comprofit(-1.14)%
      
Sun Pharma.Ind..1913.65comprofit(0.67)%
      
Tata Steel185.00comprofit(1.31)%
      
TCS2289.45comprofit(-0.37)%
      
Tech Mahindra1584.35comprofit(0.08)%
      
Titan Company5058.00comprofit(-0.43)%
      
Trent2896.40comprofit(-0.89)%
      
UltraTech Cem.11546.00comprofit(-0.04)%
      

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