The three major A-share indexes fell by more than 1%, with over 4,700 stocks declining.
The three major A-share indexes explored the bottom in early trading and rebounded, but fluctuated weakly in the afternoon. As of the close, the Shanghai Composite Index fell 1.54%, the Shenzhen Component Index fell 1.85%, and the ChiNext Index fell 1.89%. On the market, the tourism sector bucked the trend and rose, with Xiangyuan Tourism and Liren Sports hitting the daily limit. Education stocks were strong, with China Public Education and Kaiwen Education among the stocks that hit the daily limit. Chip stocks fell, with Zhongji Technology hitting the daily limit and Luobot Technology and Baiwei Storage among the stocks with the largest declines. Sectors such as high-speed copper cable connections, CPO concepts, PCB concepts, and vehicle-road cloud concepts mostly fell. Over 4,700 stocks fell in the Shanghai, Shenzhen and Beijing markets, with a trading volume of over 790 billion yuan.
