--- title: "STAR 50 Drops 4%, Chip Stocks Fall Again, Power Stocks Surge Against the Trend, Hang Seng TECH Index Rises 1%, Alibaba Surges Nearly 6%" type: "News" locale: "en" url: "https://longbridge.com/en/news/294630788.md" description: "On the morning of August 3, A-shares fluctuated and declined, with the STAR 50 dropping over 4% and the chip and semiconductor sector leading the decline; power, nuclear power, and robotics concept stocks surged against the trend. Hong Kong stocks performed strongly, with the Hang Seng TECH Index rising 1.08% and Alibaba surging nearly 6%. In the bond market, treasury bond futures rose across the board, while most commodity futures fell, with only a few varieties such as polysilicon moving higher" datetime: "2026-08-03T02:21:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294630788.md) - [en](https://longbridge.com/en/news/294630788.md) - [zh-HK](https://longbridge.com/zh-HK/news/294630788.md) --- # STAR 50 Drops 4%, Chip Stocks Fall Again, Power Stocks Surge Against the Trend, Hang Seng TECH Index Rises 1%, Alibaba Surges Nearly 6% On August 3, A-shares fluctuated and declined in early trading, with the three major stock indices falling collectively at the open. The ChiNext Index dropped over 1%, chip and semiconductor stocks fell into adjustment again, and the STAR 50 once dropped 3%. Robotics concept stocks rebounded, while concept stocks related to nuclear power, nuclear fusion, smart grids, and virtual power plants surged. Hong Kong stocks opened higher and continued to rise in early trading, with both the Hang Seng Index and the Hang Seng TECH Index rising. The Hang Seng TECH Index rose over 1% at the open. Most technology and internet stocks rose, with Alibaba surging nearly 6%, while chip stocks fell, with GigaDevice dropping 6%. In the bond market, treasury bond futures rose across the board. In commodities, most domestic commodity futures fell. Core market trends: > **A-shares**: As of press time, the Shanghai Composite Index fell 0.52%, the Shenzhen Component Index fell 0.73%, and the ChiNext Index fell 1.10%. > > > > **Hong Kong Stocks**: As of press time, the Hang Seng Index rose 0.61%, and the Hang Seng TECH Index rose 1.08%. > > > > **Bond Market**: Treasury bond futures rose across the board. As of press time, the main contract for 30-year treasury bonds rose 0.06%, the 10-year main contract rose 0.02%, the 5-year main contract rose 0.03%, and the 2-year main contract rose 0.01%. > > > > **Commodities**: Most domestic commodity futures fell. As of press time, polysilicon rose over 6%, while eggs, the container shipping index, and rapeseed rose 1%. A few varieties such as industrial silicon, platinum, Shanghai tin, palladium, and Shanghai copper moved higher. Caustic soda, alumina, asphalt, stainless steel, soybean meal, pulp, Shanghai aluminum, glass, Shanghai nickel, hot-rolled coil, rebar, and Shanghai gold all fell. Coking coal, coke, and manganese silicon fell over 1%, while iron ore, lithium carbonate, crude oil, and fuel oil led the declines. > > **09:49** The STAR 50 Index trended lower, dropping over 4%. Semiconductor and chip stocks such as Zhengfan Technology, Hwatsing Technology, CSSC Special Gas, Puran Shares, Piotech, and Huahong Grace led the decline. **09:41** The STAR 50 Index dropped over 3%. **09:35** In early trading, the computing power leasing concept continued its strong performance from last Friday. Infore Environment hit its second consecutive limit-up, Meili Cloud touched the limit-up, and Litong Electronics, Hongjing Technology, Runjian Shares, and Tongniu Information followed with gains. On the news front, on July 31, Jiang Yi, spokesperson for the National Development and Reform Commission, stated at a press conference that according to calculations by relevant institutions, the construction of the computing power network during the "15th Five-Year Plan" period will add 4 trillion yuan in direct investment. **09:30** In early trading, the humanoid robot concept strengthened. Zhongda Lide hit its second consecutive limit-up, Fulai New Materials hit the limit-up, and Wolong Electric Drive, Fengguang Precision, Orbbec, and Green Harmonic followed with gains. **09:31** The ChiNext Index dropped, falling over 1.00%. Oil and gas, securities, semiconductor chips, and computing hardware sectors led the declines, with nearly 2,400 stocks falling across the Shanghai, Shenzhen, and Beijing markets. **09:26** The Shanghai Composite Index opened 0.51% lower, and the ChiNext Index fell 0.71%. Memory, HBM, semiconductor materials, PCB, and lithography machine concept stocks weakened; while nuclear fusion, humanoid robots, AI applications, and PEEK material indices strengthened. **09:21** The Hang Seng Index opened 0.4% higher, and the Hang Seng TECH Index rose 0.68%. Alibaba rose over 3%, Baidu Group rose nearly 3%, MINIMAX and Leapmotor rose nearly 2%; Zhipu AI fell nearly 5%. Risk Warning and Disclaimer The market carries risks, and investment should be approached with caution. This article does not constitute personal investment advice, nor does it take into account the specific investment objectives, financial status, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. 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