Zheng Quan Shi Bao·2025-09-26 09:19Market Overview - A-shares fell on September 26, with the ChiNext Index dropping over 2% and the Hang Seng Index declining more than 1% [1] - The total trading volume in the Shanghai and Shenzhen markets was 21,664 billion yuan, a decrease of 2,256 billion yuan from the previous day [1] Pharmaceutical Sector - The pharmaceutical sector experienced a significant decline, with stocks like Guangsheng Tang dropping nearly 15% and others like Xiangrikui and Borui Pharmaceutical falling over 10% [3][4] - Borui Pharmaceutical has seen a cumulative drop of nearly 40% over the past five trading days, despite the company stating that its operations remain normal and there are no significant changes in market conditions [4][3] Semiconductor Sector - The semiconductor sector also faced a downturn, with stocks such as Lianang Microelectronics hitting the daily limit down and others like Dongwei Semiconductor and Gai Lun Electronics dropping over 6% [7][8] - Reports indicate that the Trump administration is considering a new semiconductor policy that could impose a 100% tariff on companies that do not maintain a 1:1 ratio of domestically produced to imported semiconductors [8][7] Wind Power Sector - The wind power sector showed resilience, with stocks like Weili Transmission and Huazi Technology hitting the daily limit up, and overall wind power capacity in China growing by 22.1% year-on-year [11][12] - The National Energy Administration reported that as of the end of August, the cumulative installed power generation capacity reached 3.69 billion kilowatts, with solar power capacity increasing by 48.5% [12][11] Market Sentiment - The overall market sentiment was negative, with over 3,400 stocks declining, particularly in the pharmaceutical and semiconductor sectors, while the wind power sector thrived amid positive policy expectations [1][10]