The three major A-share indices opened lower and continued to decline, all falling by more than 3%, with nearly 5,200 stocks declining across the market.

The three major A-share indices all fell today. At the close, the Shanghai Composite Index fell 3.63%, the Shenzhen Component Index fell 3.76%, and the ChiNext Index fell 3.49%. The combined turnover of the Shanghai and Shenzhen stock exchanges was 2.43 trillion yuan, an increase of 144.7 billion yuan compared to the previous trading day; nearly 5,200 stocks declined. In terms of sectors and individual stocks, many A-share sectors experienced significant declines today, with gold and non-ferrous metal stocks leading the losses. Stocks such as Chifeng Gold, Sichuan Gold, and Shengda Resources hit their daily limit down. Technology growth stocks such as PCB, CPO, and semiconductors generally faced pressure, with Jinan Guoji, Xiehe Electronics, and Guanghe Technology all hitting their daily limit down. Cambricon fell more than 5% intraday, its share price dropping below 1,000 yuan. In addition, tourism, aquaculture, and cultural media sectors also suffered heavy losses. On the other hand, benefiting from rising oil prices, the coal and oil and gas exploration and services sectors performed relatively well, with Yunnan Coal Energy, Liaoning Energy, and Bomaike hitting their daily limit up. The photovoltaic equipment sector saw a surge followed by a pullback, but Huamin Shares and Chint Power still hit their daily limit. (Jinshi)