21世纪经济报道·2025-09-16 04:07Core Viewpoint - The article discusses the recent market performance, highlighting the impact of the anti-dumping investigation on the semiconductor industry, particularly in the analog chip sector, and the fluctuations in the gold jewelry market due to rising international gold prices. Market Performance - As of the midday close, the Shanghai Composite Index fell by 0.10%, the Shenzhen Component Index decreased by 0.26%, and the ChiNext Index dropped by 0.32% [2][3] - The total trading volume in the Shanghai and Shenzhen markets was 1.5 trillion yuan, a decrease of 25.1 billion yuan compared to the previous trading day, with over 2,800 stocks rising across the market [2][3] Semiconductor Industry - The anti-dumping investigation initiated by the Chinese Ministry of Commerce on U.S. imported analog chips is expected to alleviate price war pressures and improve profitability for domestic manufacturers [9][10] - The investigation focuses on general interface chips and gate driver chips, which are crucial for various electronic applications [9][10] - The U.S. accounts for over 50% of the global production capacity of these chips, with significant price declines impacting local manufacturers [9][10] - The import quantities of the investigated products have shown a continuous upward trend, with imports projected to reach 1.59 billion units by 2024 [10] - Analysts predict that the anti-dumping measures could expand the Chinese market for general interface chips and gate driver chips significantly, with potential market growth of 3.3 to 13.4 times [11] Gold Jewelry Market - The gold jewelry sector experienced a decline, with the gold jewelry index dropping over 2% during trading [12][13] - International gold prices reached new highs, with COMEX gold futures nearing $3,730 per ounce, influencing domestic gold jewelry prices to rise [15][17] - Major brands like Chow Sang Sang and Luk Fook Jewelry have seen their gold prices increase, with Chow Sang Sang's gold jewelry price surpassing 1,090 yuan per gram [17]