寒武纪，大跌

Market Overview - The A-share market showed mixed performance on August 29, with the Shanghai Composite Index at 3848.72, up 0.13%, while the Shenzhen Component Index fell by 0.10% to 12558.81 [2][3] - The ChiNext Index decreased by 0.06%, closing at 2825.61, and the STAR 50 Index experienced a significant drop of 3.03%, reaching 1323.31 [3][4] - The total trading volume was 255.2 billion CNY, with a predicted turnover of 2.76 trillion CNY, down by 237.7 billion CNY from the previous day [3] Sector Performance - The STAR 50 Index opened sharply lower, dropping over 3% at one point, indicating a collective adjustment in chip stocks [3][4] - The semiconductor sector, including companies like SMIC and Cambrian, faced declines, with Cambrian's stock price falling by over 8% to 1465.93 CNY per share [6][8] - In contrast, sectors such as rare earth permanent magnets, insurance, and liquor showed strong performance, with liquor stocks collectively rising, including Kweichow Moutai, which increased by over 1% [5][10] Notable Stocks - Cambrian Technology's stock price fell by 7.68%, with a market capitalization of 613.3 billion CNY [7][9] - Other semiconductor stocks like Qihoo 360 and Zhongke Shuguang also saw declines, with drops of 5.68% and 4.80% respectively [9] - Liquor stocks like Wuliangye and Luzhou Laojiao rose by over 2%, with Wuliangye's stock price at 129.45 CNY, reflecting strong market interest [10][12] Conclusion - The market is currently experiencing volatility, particularly in the semiconductor sector, while other sectors like liquor and insurance are performing well, indicating a potential shift in investor sentiment [2][5][8]