The Zhitong Finance App learned that on July 30, after opening low and bottoming out of A-shares, the decline narrowed in the afternoon, but the differentiation in the size index intensified. At the close, the Shanghai Stock Exchange Index reported 3804.69 points, down 0.62%; Shenzhen Stock Exchange reported 13285.80 points, down 2.73%; GEM reported 3244.62 points, down 3.97%; Science and Technology Innovation 50 reported 1588.41 points, down 5.38%; Beijing Securities 50 reported 1049.07 points, down 1.43%. The turnover of the Shanghai and Shenzhen markets was 2342.809 billion yuan, an increase of 46.230 billion yuan over the previous trading day. In the entire market, 1,768 stocks rose and 3,635 fell, rising and stopping 56 and falling 83, accounting for only 31% of the increase, and the profit effect was less than 30%. On the market, sectors such as liquor, commercial vehicles, banking, insurance, and automobiles registered the highest gains; sectors such as communications equipment, targets, components, CPO, semiconductors, and memory registered the highest declines.
driving factors
Global chip stocks continued to sell off this week. According to First Financial Statistics, the total market value of the world's 20 leading chip companies has evaporated more than 1.5 trillion US dollars since closing last Friday. SK Hynix announced its second-quarter results on July 29. Revenue of 79.32 trillion won and operating profit of 60.54 trillion won all hit record highs, but fell below market expectations. Korean stocks closed down 9.61% on the same day, and US stocks continued to fall 2.60%. Driven by this, technology sectors such as A-share semiconductors and CPO fell sharply on the same day. Science and Innovation 50 fell 5.38%, the biggest decline among major indices. According to the news, nine departments including the central bank jointly issued the “Notice on Strengthening the Development and Utilization of Data in the Field of Technology Finance” to guide financial institutions to build a digital credit profile of technology-based enterprises; the second-quarter public equity fund heavy holdings data showed that the liquor and food and beverage sector had fallen to a record low; 41 A-share listed banks distributed a total of 645.637 billion yuan in cash dividends in 2025, a record high for the third year in a row. Zhongji Xuchuang's full-day turnover was 59.773 billion yuan, breaking the historical turnover of individual A-share shares created on June 5. Since July, the net inflow of broad-based ETFs has exceeded 250 billion yuan.
Popular sector aspects
1. The [Liquor/Food and Drink] sector continued to be strong, and the liquor sector rose 3.54%. Shede Liquor and Jinhui Liquor went up and down; Yiming Food went up and down for 3, Haixin Food, Junyao Health, and Xi'an Food; Wuliangye rose 4.51%, Shanxi Fenjiu rose 6.04%, and Kweichow Moutai rose 3.09%. According to news, Maotai direct-run stores in Beijing, Shanghai and other places have recently raised the price of the 53-degree 500ml Flying Moutai to 1,719 yuan/bottle, which is higher than the i-Maotai platform of 1,639 yuan/bottle.
2. The [banking] sector bucked the trend and strengthened, and the banking sector rose 2.48%. CCB rose 3.20% and ICBC rose 2.52%, both of which reached record highs; Agricultural Bank rose 2.60%, and China Merchants Bank rose 2.24%. According to the news, 41 of the 42 A-share listed banks distributed a total of 645.637 billion yuan in cash dividends during the 2025 dividend season, an increase of about 13.5 billion yuan over 2024, reaching a record high for the third year in a row.
3. [AI Application/MLCC Concept] Reversed and revived, 4 consecutive smart education boards, Universal Software and Hengfeng Information went up and down 20CM, Yunzuka Technology hit a 20CM rise and stop, and Double Star New Materials went up and down. According to news, nine departments including the central bank jointly issued the “Notice on Strengthening the Development and Utilization of Data in the Field of Technology Finance”; according to OpenRouter data, as of July 26, the Chinese model had a global market share of about 63.5% in the past 28 days. The top five calls were all Chinese models, and the Xiaomi MiMO-v2.5 ranked first in the global monthly list of large-scale model calls.
Adjust the section
The semiconductor industry chain and CPO concept declined sharply. The above sectors all had large gains in the previous period, and the decline was the highest on the same day. Huahong Hongli fell 14.88%, Xinyisheng fell 11.89%, Dongshan Precision, Changdian Technology, Tongfu Microelectronics, Taiji Industrial, and Huatian Technology fell to a halt. Zhongji Xuchuang fell 9.15%, the communications equipment sector fell 8.57%, the semiconductor sector fell 6.63%, and the CPO concept fell 6.82%.