China A-shares closed lower after intraday weakness: Shanghai Composite -0.73%,
Shenzhen Composite -1.81%, ChiNext -2.11%, STAR 50 Index -5.04%. Combined
turnover RMB3.32tn, up >RMB350bn vs prior session; more than 3,800 stocks
declined. Retail led gains with Dongbai Group and Bubugao at limit-up and China
Tourism Group Duty Free, Zhongbai Group and China Merchants Shekou are also rising.
Baijiu names recovered; Jiugui Liquor hit the daily limit, with China Resources
Jiangzhong, Jinhui Liquor, Yingjia Distillery and Shede Spirits advancing. Power
stocks reversed to rally, with several provincial generators and Huaneng
International posting limit-ups. Semiconductor names opened higher then tumbled,
several including Fudan Microelectronics down >10%. Optical/optoelectronics were
weak all day, with BOE Technology (BOE A), Rainbow and Asia Optical among
limit-downs. BC battery, advanced packaging, lithography and commercial
aerospace themes were among the heaviest decliners.