Chinese chip stocks dive as overvaluation defies Beijingβs rescue
Shares of Chinese chip makers tumbled on Thursday after state fund support that had briefly steadied broader tech stocks earlier in the week failed to hold back a sector that analysts say has long been overvalued. Among the hardest hit, Hua Hong Grace Semiconductor plunged 12.58%, Beijing YanDong Micro Electronic fell 10.55%, Ningbo Silicon Electronics [β¦]
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