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Star Bounces Off: Stocks Tumble on Second Day of Trading
Star Bounces Off: Stocks Tumble on Second Day of Trading
Brown bear sitting on grass field. Image credit: Mark Basarab/Unsplash
Associated Company
EqualOcean EqualOcean

Chinese financial markets' inherent volatility showed up on the new sci-tech venue as the 25 companies' stocks retreated 7.68% on average by the midday break. 

This caused average market P/E ratio to slip from yesterday's 102.66 (trailing 12 month) and 99.14 (last-year ratio) to 95.19 and 92.65 respectively. 

WiFi chipset producer Espressif Systems (688018:SH), which yesterday finished 106.25% above the initial IPO price, has seen another 15.06% leap in today's morning session, the company's market cap thereby hit CNY 11.88 billion (USD 1.73 billion).

China Railway Signal & Communication (688009:SH) is down 16.06%, its market cap shrunk to CNY 109 billion (USD 15.84 billion) today. CRSC's Hong Kong stock (3969:HK) surged 2.03% this morning.

Traffic Control (688015:SH), another firm representing transportation industry, lost 10.55% of the stock value.


We expect the small-sized hardware producers such as Anji Technology (688019:SH) to make bigger waves in the afternoon.

The STAR Market's "red zone" is anticipated to grow within the following two-hour session.

Enterprise Information

EqualOcean is a leading industry tech media and an investment research company.
CATEGORIES: AI, Research
Last Funding Type
Series C
Number of Employees
200
Number of Funding Rounds
6
Total Funding Amount
26.79M

Enterprise Information

EqualOcean
EqualOcean is a leading industry tech media and an investment research company.
CATEGORIES: AI, Research
Last Funding Type
Series C
Number of Employees
200
Number of Funding Rounds
6
Total Funding Amount
26.79M

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EqualOcean is a leading industrial tech media and investment research company that focuses on technological and industrial innovation in China.

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