China's Chip-Stock Fear Gauge Hits Its Most Bearish Reading In Four Years
Shanghai's STAR 50 index has fallen 16% from its June peak as investors retreat from the frenzy around ChangXin Memory Technologies' IPO.
- Fear/greed gauge hasn't read this bearish since April 2022, four years ago.
- STAR 50 anchors Shanghai's Nasdaq-style Sci-Tech Innovation board of chipmakers.
- ChangXin Memory Technologies, a state-linked DRAM maker, listed amid the June run-up.
Why it matters: A fear gauge doesn't price chips; it prices how fast money chased, then fled, one IPO story.
Bloomberg News ↗ · Jul 16, 20267/16/26 · ✓ Checked✓ Check