Yushu's IPO Soars 486% in Half a Day, China's A-Share Growth Enterprise Board Index Drops Nearly 5%, ChiNext Index Plunges Over 6%

BlockBeats News, August 19th. Today, Yushu Technology was listed, and its stock price surged by 486.12% in the morning session, with a transaction volume exceeding 17.7 billion yuan.

However, possibly affected by overseas market adjustments, the three major A-share indexes opened lower this morning. By midday, the Shanghai Composite Index fell by 1.96%, the Shenzhen Component Index fell by 3.97%, the ChiNext Index fell by 4.98%; the STAR 50 Index fell by 6.07%; the total transaction volume in the morning session on the Shanghai and Shenzhen exchanges was 1.62 trillion yuan, a decrease of 18.2 billion yuan from the previous trading day. Over 4900 stocks across the market experienced a decline.

On the market, the humanoid robot concept saw a downturn, with Shangwei New Materials falling by 18.75%, and more than 20 stocks such as Jiangsu Best Automation, Phoenix Micro Precision, Green Harmonic, and Changsheng Bearing falling by over 10%. The MLCC concept, CPO concept, and storage chip sector were among the top decliners, with multiple stocks including Shengke Communication, Chipone Technology, SG Micro, Westone, Shanghai Shengmei, and Huahong Power falling by over 10%.