China's A-share major indices open lower, new IPO N Yuexin Semiconductor surges over 274%

36Kr reports that China's A-share major indices opened lower collectively, with the Shanghai Composite down 0.96%, the Shenzhen Component Index down 1.79%, and the ChiNext Index down 2.18%; new IPO N Yuexin Semiconductor rose over 274%; communication equipment, semiconductor, and electronic components sectors led declines, with Jingwang Electronics down over 9%, Yuanjie Technology down over 6%, and Changfeng Fiber down over 5%; shipping stocks strengthened, with COSCO Shipping Energy and China Merchants Port Shipping up over 2%.