Chinese A-shares closed lower. Shanghai Composite fell 1.44%, Shenzhen Composite
fell 2.73%, ChiNext fell 4.13%, Beijing Stock Exchange 50 fell 2.68%, Sci‑Tech
Innovation 50 fell 5.48%. Market turnover was CNY1.6744 trillion, up nearly
CNY100 billion from the previous session. More than 4,600 stocks declined.
Film/cinema names plunged; Wentou Holdings, Hengdian Film & TV, Ciwen Media,
Aofei Entertainment and Jiecheng hit daily down limits. CPO and PCB-related
concept stocks tumbled—Taichen Guang, Xin Yisheng and Shenghong Technology each
fell over 13%, and Xin Yisheng’s market value dropped below CNY300 billion.
Baijiu remained strong: Huangtai, Gujing Distillery, Yingjia Distillery and
Luzhou Laojiao hit daily up limits. Ports and shipping were active; Jinjiang
Shipping hit its daily up limit.