STAR 50 Index Falls 3% as Yuanjie Technology Drops Over 10%
The STAR 50 Index, which tracks the top 50 companies on Shanghai's STAR Market, saw its decline widen to 3% during trading on Tuesday. Among its constituent stocks, Yuanjie Technology tumbled over 10%, while Shengyi Electronics and Biwin Storage each dropped more than 7%. The sell-off accelerated as the session progressed, with the technology-focused index coming under heavy selling pressure.
The STAR 50 Index's decline widened to 3%. Among its constituent stocks, Yuanjie Technology fell over 10%, while Shengyi Electronics and Biwin Storage each dropped over 7%.