A-shares closed sharply lower as risk-off swept the market. Shanghai Composite
fell 2.40%, Shenzhen Composite dropped 5.01%, ChiNext plunged 6.26% and the STAR
50 Index fell 6.89%. Turnover across Shanghai and Shenzhen was 2.51 trillion
yuan, up more than 110 billion yuan from the prior session. More than 5,000
stocks declined. MLCC names led losses, with Fenghua Hi‑Tech, Boqian New
Materials, Jiemei Technology and Torch Electronics hitting lower limits. The CPO
cohort tumbled; roughly 20 stocks hit limit down, including Yangtze Optical
Fibre, Xingwang Ruijie, Anfu Technology, Tsinghua Unigroup and Tongyu
Communication. Humanoid-robot names sold off sharply—Shangwei New Materials fell
over 19%, and multiple peers were down more than 15%. Lithography, memory chips,
glass-substrate and advanced packaging sectors also underperformed. Banks bucked
the selloff: CITIC Bank rose about 4%, while Agricultural Bank of China, Nanjing
Bank, Bank of Shanghai and Qingdao Bank gained over 2%. Coal sector remained
active, with Baotailong, Shaanxi Heimao, Jinneng Technology, Suda, Dayou Energy
and Meijin Energy hitting upper limits. New issue N Yushu surged 460.34% on its
debut to 845 yuan, with turnover above 23 billion yuan.
