(Yicai Global) Sept. 4 -- China's mainland stock markets remained subdued in morning trading after an opening crash, following the plunge of the US market yesterday. Most sectors, chip makers being a conspicuous exception, had taken quite a walloping by the half break.

The Shanghai Composite Index closed 1.38 percent down at 3,338.14. The Shenzhen Component Index ended at 13,536.89, 1.71 percent lower. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, dropped 1.69 percent to 2,700.42.

Chip makers swam against the market tide after Bloomberg reported yesterday that China is dangling more policy support for the domestic semiconductor industry in the next five years. Integrated circuit designer Beijing Xiaocheng Technology Stock shares [SHE:300139] hit the 20 percent daily limit up to stop trading at CNY12.52 (USD1.83) as the morning’s star performer.

The food and beverage sector suffered the most. Shandong-based Yantai Changyu Pioneer Wine Company [SHE:000869] flopped 7.73 percent to CNY37.85 as one of the biggest losers.

Editor: Ben Armour