The Shanghai Index fell below 3,300 points, Goertek shares crashed and fell to the limit, and the semiconductor performance was weak. The automobile industry chain set off a rising limit- Wall Street News

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A-shares opened higher and moved lower, the Shanghai Composite Index and Shenzhen Component Index both fell by more than 1% in the afternoon, and the ChiNext Index was slightly stronger. Sectors such as pharmaceutical business, HJT batteries, and automobiles are among the top gainers, while sectors such as cloud games, Metaverse, semiconductors and components, and national fund holdings are green. Goertek shares flash crash and hit the daily limit, and the company responds that it will evaluate whether to introduce measures to stabilize the stock price.

On June 22, A-shares opened higher and moved lower. The Shanghai Index and Shenzhen Component Index both fell by more than 1% in the afternoon, and the ChiNext Index was slightly stronger. As of the close, the Shanghai Composite Index fell 1.2%, falling below 3,300 points, the Shenzhen Component Index fell 1.43%, and the ChiNext Index fell 0.58%.

Individual stocks fell more and rose less. Over 3,600 stocks in the two cities were green, and today’s turnover failed to exceed one trillion. Based on the daily quota balance, the net outflow of northbound funds was 4.5 billion yuan as of the closing of A shares; based on the trading volume, the net sales of northbound funds was 6.8 billion yuan.

In terms of sectors, sectors such as pharmaceutical business, HJT batteries, and automobiles are among the top gainers, while sectors such as cloud games, Metaverse, semiconductors and components, and national fund holdings are green.

The pharmaceutical sector was stronger in the afternoon.As of the close, the daily limit of Pharma.com, First Medicine, etc., Shuyu Civilian rose by more than 10%, and Dashenlin, Common People, Baiyang Medicine, etc. followed suit.

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The automobile industry chain set off a rising tide.Zhejiang Shibao has 8 consecutive boards, and more than 20 stocks such as Ankai Bus, Yutong Bus, Meihe Co., Ltd., and Jingwei Co., Ltd. have daily limit.

On the news, according to the Securities Times, Li Xiang, the founder of Lixiang Auto, said at the 2022 summer media communication conference that the sales of Lixiang L9 will definitely exceed Lixiang ONE.

Photovoltaic and HJT battery sectors continue to be strong. Jitai shares have 9 consecutive boards, and the daily limit of Robotec, Jingshan Light Machinery, and GCL Integration.

Robot concept stocks are active in the morning. The daily limit of many stocks such as Mehe shares, Great Wheel Intelligence, Taier shares, Alto Electronics, Zhongdali and so on.

On the news, on June 3, local time, Tesla CEO Elon Musk tweeted that the Tesla Artificial Intelligence Day originally scheduled for August 19 this year was postponed to September 30, and said This Smart Day will be epic.

Metaverse stocks continued to decline.

Goertek shares in the morningThe flash crash hit the limit. According to the latest report from Sino-Singapore Jingwei, the staff of the company’s securities department said that the relevant business is normal and will evaluate whether to introduce measures to stabilize the stock price. Regarding the flash crash of the stock price, the staff member said that the company is in the process of understanding, and the company’s production and operation have not changed, which are all normal. In addition, Goertek told the media that it has no plans to adjust its semi-annual performance guidance.

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Earlier, Tianfeng International analyst Ming-Chi Kuo tweeted that the Meta metaverse hardware and headset business was slowing. Ming-Chi Kuo said that Meta lowered its 2022 shipment forecast by 40% and postponed all new headset/AR/MR hardware projects after 2024.

Dragged down by Goertek shares, Horizon Electronics fell more than 7%, and many stocks such as Mango Chaomei, Skyworth Digital, Anjie Technology, and Chinese Online fell more than 6%.

State fund holdings were weak throughout the day.As of the close, Zhongwei Company fell by more than 5%, and Xinpengwei, Canqin Technology, and Zhichun Technology collectively floated green.

The performance of semiconductors and components was sluggish.As of the close, Horizon Electronics fell by more than 7%, Dongshan Precision fell by more than 6%, and Shiyun Circuit, Weir Shares, and Zhongwei Company fell one after another.

Risk Warning and Disclaimer

Market risk, the investment need to be cautious. This article does not constitute personal investment advice and does not take into account the particular investment objectives, financial situation or needs of individual users. Users should consider whether any opinions, views or conclusions contained herein are appropriate to their particular circumstances. Invest accordingly at your own risk.

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