A-shares closed lower: Shanghai Composite -0.60%, Shenzhen Composite -0.82%,
ChiNext -1.62% to below 2,700. Turnover on Shanghai- and Shenzhen-markets was
1.43 trillion yuan, down 26.8 billion yuan from the prior session. Broad weakness
saw more than 3,300 stocks fall. The battery sector led losses after CATL
plunged about 12%, dragging peers lower. On the upside, DRG-related names led
gains while pork producers, some gaming/software stocks and compute-power
leasing plays saw strong buying and multiple limit-ups. Liquor stocks weakened
into the close, led by Shanxi Fenjiu, Gujing Gong and Luzhou Laojiao.