A-share semiconductor stocks surged, while US chip stocks led the decline

The Dow Jones Industrial Average fell 288.14 points, or 1.17%, to 24,345.72; the Nasdaq fell 25.16 points, or 0.28%, to 8,889.55; and the S&P 500 fell 27.08 points, or 0.92%, to 2,912.43.

In April, the Dow Jones Industrial Average rose 11.08%, the largest monthly gain in 33 years. The Nasdaq rose 15.45%. The S&P 500 rose 12.68%, the largest monthly gain since 1987.

Chip leaders in the U.S. stock market led the decline, with the Philadelphia Semiconductor Index closing down 66.52 points, or 3.70%, at 1731.24 points. Looking at individual stocks, Philadelphia semiconductor component stocks fell across the board. Twelve of the 30 companies fell more than 5%, including Lam Research and Applied Materials, which fell more than 8%, with declines of 8.83% and 8.58% respectively.

In contrast, on April 30, A-share semiconductor stocks rose sharply, with the Jiwei Index rising 7.78%.

According to statistics, throughout April, the Jiwei Index rose 15.25% and the Philadelphia Semiconductor Index rose 12.03%.