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2026-05-26 12:24:41
[Semiconductor Sector Correction Drags Down Shanghai Composite Index in Morning Trading; Expected to Resume Upward Momentum After Short-Term Consolidation] 1. The Shanghai Composite Index closed lower in Tuesday's morning trading session, as the semiconductor sector, which had previously seen a significant surge, experienced a correction. Analysts point out that after a short-term consolidation to digest previous gains, the market is expected to strengthen again in the future. 2. The Shanghai Composite Index closed down 0.8% at 4117.85 points in the morning session, while the CSI 300 Index closed down 0.3%. The Shenzhen ChiNext Index fell 0.5%, and the SSE STAR Market 50 Index closed down 2.9%. 3. Analysts say that after a short-term consolidation, the market is expected to return to an upward trend. The resilience of China's economic recovery, the clear logic of corporate profit recovery, and the definite policy support effect will drive the stock index to rise in the medium term. 4. Analysts further point out that this week, the market will focus on the progress of US-Iran negotiations, China's April industrial enterprise profits, May manufacturing PMI, and US April core PCE data. The release of these data will further verify the sustainability of corporate profit recovery and the direction of overseas liquidity. 5. US Secretary of State Marco Rubio stated on Tuesday, referring to Monday's US strikes against Iran, that the Strait of Hormuz "must be open no matter what." 6. On the market, the semiconductor sector led the decline, with the CSI All Share Semiconductor Products and Equipment Index closing down 3.2% in the morning session, and Sinyuan Microelectronics plunging 8.4%. The non-ferrous metals sector bucked the trend, with the CSI Sub-Sector Non-ferrous Metals Industry Theme Index closing up 1% in the morning session.
