China’s tech stock market value evaporates over 300 billion, many leading stocks plunge

On February 3, China’s three major A-share technology sector stock indexes fell sharply, with a combined market value of RMB 322.2 billion evaporating.

In the afternoon of the 3rd, the share price of China’s leading artificial intelligence company, KU Xunfei, dived and closed down. After-hours LW data shows that KU Xunfei LW net bought 149 million yuan (RMB, same below), SZSE seats net bought 150 million yuan, 1 institutional seats net bought, 2 institutional seats net sold.

For the sudden drop of KU Xunfei, many investors cry out unintelligible, “Who knows what happened? Smashed dizzy”, “just heavy position in the morning, a step on the mines”, “I can not figure out what set, the morning is not good?

According to the data treasure news, the 3rd plate, the overall performance of the technology sector is weak, security services, photolithography, chips, gallium nitride, Apple concept, etc. has fallen sharply. Security two leading Hikvision, Dahua shares are down more than 7%; photolithography concept stocks Jiejie microelectric, Shanghai Xinyang, Nanda Optoelectronics, Crystal Square Technology fell more than 10%; chip concept stocks Datang Telecom suffered the fifth down board, Minxin shares, Tongfu Microelectronics, Liyang chip, China Resources Micro, Huatian Technology fell more than 8%.

According to statistics, the electronics, communications, computer-based three major technology sectors fell today, the total market value of A shares evaporated 322.2 billion yuan. 4 leading technology market value evaporated more than 10 billion yuan, respectively, Hikvision, Lixun Precision, KDDI, BOE A. From the point of view of capital flows, the three major technology sectors, the total net outflow of 14.8 billion yuan, the highest net outflow of the top five in turn are BOE A, Lixun Precision, Huatian Technology, Changdian Technology, SMIC.

Since the beginning of the year, the overall performance of the A-share technology sector has been relatively flat, with large-capitalization technology stocks such as Pengding Holdings, Sheng Yi Technology, Qi’anxin, Huideng Technology, Leader Puzzle, and Ziguang Guomei down more than 10% so far in January.

Just a month ago, the above-mentioned KDDI, Hikvision, Dahua and SMIC were included in the U.S. Department of Commerce’s “blacklist”, and many technology companies in mainland China were affected.