STAR Market cools down on second day

21 stocks declined on Tuesday; experts forecast volatile near-term performance

After an explosive first day when the first 25 companies on the STAR Market at the Shanghai Stock Exchange soared an average of 140 percent for the session, their second-day performance was more muted.

Only four companies gained on Tuesday. They were led by Semiconductor maker Espressif Systems (Shanghai) Pte Ltd, which posted the biggest increase of 14.24 percent for the day.