China A-shares closed lower after a weak open. Shanghai Composite fell 0.43%,
Shenzhen Composite Index declined 2.03% and the ChiNext lost 2.61%. The media
sector outperformed, with Guomai Culture, Guangdian Network, Huanrui Century and
Xinhua Wenxuan among stocks hitting daily limit-up. Auto OEMs rallied in the
afternoon with SERES at limit-up; PV equipment opened lower then recovered,
Shouhang New Energy hit limit-up (20%). Other leading gainers included gaming,
wind-power equipment, cross-border payments, banks and insurers. Lagging sectors
included precious metals, oilfield services and engineering, real estate
services, PCB, lab-grown diamonds and telecom equipment. Turnover across
Shanghai and Shenzhen were 1.53 trillion yuan, down about 362.7 billion yuan from the
previous session; roughly 1,100 stocks advanced and 4,000 declined.
