(Yicai Global) Sept. 4 -- China's mainland stock markets walked back some of their losses in the afternoon while chip firms surged, whereas consumer goods involving food, liquor, and retail remained low.

The Shanghai Composite Index closed ] 0.87 percent lower at 3,355.37. The Shenzhen Component Index was at 13,656.66, down 0.84 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, dropped 0.54 percent to 2,732.15.

Several firms in the semiconductor industry hit the daily limit-up, including Xiaocheng Technology Stock [SHE:300139], Focus Lightings Tech [SHE:300708], and Changelight [SHE:300102].

China is planning more policy support for the domestic semiconductor industry over the next five years to respond to the restrictions set by the US government, Bloomberg reported yesterday.

Editor: Emmi Laine