China A-shares closed lower: Shanghai Composite -0.88%, Shenzhen Composite
-1.97%, ChiNext -3.10%. Media sector outperformed; Ciwen Media, New Classic,
Dianhun Network and iReader Technology hit daily limit up. Coal stocks
strengthened with Antai Group and Zhengzhou Coal & Power also at limit up. Power
names rallied then faded; Shaoneng Co. hit limit up. Shipping & ports, oil &
petrochemicals, banks, education and rail/road sectors were active.
Wind-equipment names fell, with Dajin Heavy Industry at limit down. CPO, grain,
PV equipment, semiconductors, glass substrates and vehicle OEMs were among the
biggest decliners. Combined Shanghai/Shenzhen turnover 1.41 tln yuan, down
~261.5 bln yuan from the prior session. Market breadth: ~900 advancers, ~4,200
decliners.