Technology Jul 21, 2020 02:27 PM (GMT+8) · EqualOcean
On July 1, after the news of Intel's suspension of supply, the share price of Chinese server maker Inspur (000977:SZ) suddenly declined by 10% in the first 13 minutes of the afternoon trading session in Shenzhen. As a result, the company loss CNY 6 billion of its market capitalization. After that, the stock kept rising to the level of before the leaked news, hitting CNY 48.48 apiece, the highest level since it went public in 2000. On July 21, the price was hovering around CNY 40 per share, as the mainland's markets saw a wave of correction after what some in the industry called a 'slow bull market.'

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