The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 3.43 percent lower at 2,110.36 points on Thursday.
The STAR 50 Index, which tracks the 50 largest stocks listed on the board that also meet certain liquidity requirements, closed 4.02 percent lower at 1,846.88 points.
The sci-tech innovation board, commonly known as the STAR Market, was inaugurated in June 2019 at Shanghai Stock Exchange. It is designed to support companies in the high-tech and strategic emerging sectors.
China's STAR Composite Index closes lower Thursday
China and the Netherlands have agreed to create a favorable environment for enterprises to resolve disputes through consultation and safeguard the security and stability of global semiconductor supply and industrial chains, China's Ministry of Commerce said Thursday.
He Yadong, a spokesperson for the ministry, made the remarks at a regular press briefing in response to a question on progress in resolving issues related to Nexperia, a Dutch-headquartered semiconductor firm owned by China's Wingtech.
"Over more than a decade since China and the Netherlands established an open and pragmatic comprehensive cooperative partnership, bilateral economic and trade cooperation between the two countries has continued to deepen. On July 7, Minister of Foreign Trade and Development Cooperation Sjoerd Sjoerdsma of the Netherlands visited China, where he and Chinese Commerce Minister Wang Wentao co-chaired the 18th session of the China-Netherlands Joint Economic and Trade Committee, holding candid and in-depth exchanges on China-Netherlands and China-EU economic and trade relations. The two sides agreed that their governments should create a favorable environment to help enterprises resolve disputes through consultation and safeguard the security and stability of the global semiconductor supply and industrial chains," he said.
China, Netherlands agree to help firms resolve Nexperia dispute: Chinese spokesman
