BUSINESSJul 23 · 21:21 UTCASIA TIMESJeff Pao

Chinese chip stocks dive as overvaluation defies Beijing’s rescue

Shares of Chinese chip makers tumbled after state fund support failed to stabilize the sector, which analysts describe as overvalued. Hua Hong Grace Semiconductor, Beijing YanDong Micro Electronic, and Ningbo Silicon Electronics experienced significant drops in their stock prices.

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Hua Hong Grace SemiconductororganizationBeijing YanDong Micro ElectronicorganizationNingbo Silicon ElectronicsorganizationChinese Chip Stockstopic

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