A-Share Market Wrap: ChiNext Index Drops Over 3%; More Than 4,900 Stocks Decline

According to Caixin Global, the three major A-share indices plunged sharply in the final trading session, with the ChiNext Index falling over 3% for the day—despite having risen more than 1% intraday. The combined turnover on the Shanghai and Shenzhen stock exchanges totaled RMB 1.46 trillion, down RMB 147.8 billion from the previous trading day. More than 4,900 stocks declined across the market. Sector performance diverged markedly:
- The robotics theme maintained its strength: Duolun Technology, Saifutian, and Xiangyang Bearing achieved four consecutive trading limits; Guangyang Co., Ltd. posted two consecutive trading limits; and Dayang Motor hit the daily up-limit.
- In the consumer sector, food & beverage and retail subsectors led gains: Guifa Xiang, Sunshine Dairy, and Qingdao Food achieved two consecutive trading limits; Maoye Commercial and Guangbai Shares hit the daily up-limit.
- Banking stocks rallied intraday: Shanghai Rural Commercial Bank rose over 4%, hitting a new yearly high; both China Construction Bank and Industrial and Commercial Bank of China reached all-time highs.
- The pharmaceutical sector weakened significantly: Lingkang Pharmaceutical and Wanzhe Shares hit the daily down-limit; Nearshore Protein and Shiyao Innovation plunged sharply.
- Edge-side AI-related stocks experienced a pullback: Yidao Information fell.