Semiconductor stocks slip at open; Jinghua Micro hits limit-down

The move is notable less for Jinghua Micro's limit-down than for how broadly it spread: five named peers each off more than 5% points to sector-wide de-risking at the open rather than a single-name story. That pattern suggests sentiment toward Chinese semiconductor names is being repriced as a group, which matters most for holders of broad sector exposure rather than for anyone tracking one company's fundamentals. Whether the selling stays concentrated at the open or carries through the session is the open question.