# Northern Huachuang

Tech Heartland Shudders: China’s STAR 50 Plunges 7.7% as Semiconductor Rout Goes Global

China's tech-focused STAR 50 index crashed by 7.7% on July 2, 2026, led by a massive sell-off in the semiconductor and AI hardware sectors. This domestic rout coincided with a global technology downturn, signaling a major correction in the high-growth AI and chip-making industries.