A-share close: both the Sci-Tech Innovation and Start-up indices fell by more than 7%, and nearly 200 stocks across the market hit the daily limit down

PANews July 17, citing Caixin Media, the market collectively adjusted lower; the Shanghai Composite Index fell below 3,800 points, and the STAR 50 Index dropped more than 7%. The combined trading value on both the Shanghai and Shenzhen markets was 2.65 trillion yuan, up by 251.4 billion yuan from the previous trading day. In terms of market themes, overall momentum was relatively mixed, with more than 5,000 stocks across the whole market falling. By sector, the power sector rose against the trend; Guiguan Power, Shennan Electric A, Leshan Electric Power, and Huaiyin Electric Power hit the daily limit. The large financial sector saw an intraday surge; Xiangcai Co., Ltd. moved straight to the daily limit, and China Construction Bank rose more than 3%. The edge-device hardware concept was active; Mio Exhibition hit the daily limit at 20cm. On the downside, the healthcare/biopharma sector collectively adjusted; Zhaoyan Pharmaceutical, Lingkang Pharmaceutical, and Baihua Medical hit the daily limit lower. Computing-power hardware oscillated and declined; Demingli posted three consecutive daily limit down, while Changguang Huaxin, Cambridge Technology, and Guangxun Technology also hit the daily limit lower. By the close, the Shanghai Composite Index fell 3.05%, the Shenzhen Component fell 5.4%, and the ChiNext Price Index fell 7.15%.