A-shares Market Close: Sci-Tech Innovation 50 Index opens lower, declines over 4%, with computing hardware stocks leading the decline

Today, all three major A-share indices fell collectively. By the close, the Shanghai Composite Index fell 0.74%, the Shenzhen Component Index dropped 2.21%, and the ChiNext Index fell 3.2%. The Beijing Stock Exchange 50 rose 5.59%, while the STAR Market 50 index fell 4.01%. The total market turnover was 31,006 billion yuan, up by 3,216 billion yuan from the previous trading day, and more than 3,200 stocks across the market rose.

In terms of sectors and themes, the motor, reducer, metal new materials, gaming, and flexible screen sectors led the gainers. The electric power, cultivated diamonds, semiconductors, precious metals, and storage chip sectors led the decliners. On the trading board, the reducer sector surged higher in the afternoon: Fengguang Precision hit the 30cm daily limit; Lüde Harmonic also hit the 20cm daily limit; and several stocks including Zhongda Lide and Yihuan CNC also hit daily limits, while Yishi Precision and Dingzhi Technology led the gainers.

The gaming sector remained active, with Qingzhengbao hitting the 20cm daily limit, and Baotong Technology, Glacier Network, Fuchun Shares, and Caesar Culture among the top gainers. The metal new materials sector was strong throughout the day: Tianli Composite rose more than 20%, Longci Technology rose more than 10%, Jiangnan New Materials hit the daily limit, and Bowei Alloy, Galaxy Magnet, and Platinum New Materials rose.

The electric power sector continued to slide in the afternoon: Guangxi Energy, Yuenan Holdings, Guangdong Power A, and Datang Power all touched the daily limit on the downside. Meanwhile, Huaneng Mengdian, Huaneng Liaoneng, Jingneng Electric Power, Jiangsu New Energy, and several other stocks fell sharply. The storage chip sector also saw its losses widen in the afternoon, with Baiwei Storage, China Resources Micro, Jiangbolong, Demingli, Lanturn Technology, and Zhaoyi Innovation among the leading decliners. The cultivated diamonds sector saw a steady downward move throughout the day, with Huifeng Diamonds leading the sector lower, while Hengsheng Energy, Wold, Sifangda, Yellow River Cyclone, and Power Diamonds all fell.