Shanghai, Feb 2, 2026, 09:42 (GMT+8) — Regular session
JCET Group Co., Ltd. Class A shares fell 3.5% to 47.73 yuan by 09:42 a.m. in Shanghai, hitting a low of 47.67 yuan earlier. The Shanghai index held steady, while Shenzhen stocks dipped slightly. (AA Stocks)
The decline trims gains after the stock surged 31.13% year-to-date. Data from Sina revealed “main funds,” a proxy for large institutional investors in China, had sold a net 36.6 million yuan by 09:35 a.m. The company reported revenue up 14.78% to 28.7 billion yuan in the first nine months of 2025, though net profit dropped 11.39% to 954 million yuan. (Sina Finance)
Risk appetite was already fragile. Asian markets opened the week with caution following volatile silver trading and a sharp sell-off on Friday that caught leveraged bets off guard. Investors are bracing for a busy week packed with central-bank decisions, major earnings reports, and U.S. jobs data, according to a Reuters report. Ray Attrill, head of FX strategy at NAB, weighed in on the mood, saying, “Trump is most unlikely to have nominated Warsh if he was not genuinely supportive of lower interest rates.” (Reuters)
JCET handles assembly and testing of integrated circuits, the last stage before chips reach customers. Its business spans mobile devices, network communications, and high-performance computing, according to its company profile. (Reuters)
No clear company announcement triggered Monday’s early jump. JCET’s shares tend to track the broader sentiment on “advanced packaging,” the techniques that connect smaller chip parts as straightforward scaling hits its limits.
The theme has proven volatile. Investors are wrestling with whether the next wave of AI-driven spending will translate into steady, reliable demand along the supply chain or simply another brief, intense spike.
However, the mood can shift just as fast. If the defensive vibe spills from metals into tech, stocks that surged recently could drop sharper than the overall index — all without any new news.
Traders are eyeing if JCET holds steady into the afternoon session and whether other mainland semiconductor stocks follow suit or diverge. Broker notes or disclosures that alter demand forecasts will carry more weight than the price action itself.
Coming up, several key macro events could shake risk assets: the European Central Bank meets Feb. 4–5, the Bank of England will reveal its February move on Feb. 5, and the U.S. Labor Department is set to release January’s employment report on Feb. 6. (European Central Bank)
