According to Odaily, the three major indices of the Chinese stock market experienced a decline after an initial recovery in the morning session. By the close of trading, the Shanghai Composite Index had fallen by 1.54%, the Shenzhen Component Index by 1.85%, and the ChiNext Index by 1.89%.
Despite the overall market downturn, the tourism sector showed resilience, with stocks such as Xiangyuan Culture and Leisure and Rhein Sports hitting their upper price limits. The education sector also performed well, with companies like Offcn Education and Kevin Education reaching their daily limit up.
Conversely, the semiconductor sector faced significant losses, with Zhongjing Technology hitting its lower price limit and other stocks like Robotec and Biwin Storage experiencing notable declines. Additionally, sectors including high-speed copper cable connections, Co-Packaged Optics (CPO), printed circuit boards (PCB), and vehicle-road-cloud concepts saw widespread losses.
Across the Shanghai, Shenzhen, and Beijing markets, over 4,700 stocks declined, with the total transaction amount exceeding 790 billion yuan.