A-shares closed sharply lower as the STAR 50 Index plunged 7.7% and the compute-hardware sector led declines. The ChiNext Index fell 5.71% after sliding as much as 6% near the close; Shanghai Composite dropped 2.03% and Shenzhen Composite fell 3.85%. Turnover on Shanghai and Shenzhen topped 3.4 trillion yuan, with nearly 3,000 stocks down. Sector action: precious metals outperformed and Hainan-related shares rose; innovative-drug names spiked midday; rare-earth permanent magnets eased in the aft

Since SpaceX's record IPO last month, investors have lacked sufficient analyst financial forecasts to value the stock. That will change from next Tuesday, when the quiet period for analysts at the IPO's lead underwriters — Goldman Sachs, Morgan Stanley, BofA, Citigroup and JP Morgan, plus 18 other banks — expires. A wave of research reports, price targets and growth forecasts is expected to hit the market and should affect near‑term and multi‑year pricing. B. Riley Wealth chief market strategist Art Hogan said market discussion has focused on what the company might become by 2030 rather than its next 12 months, but investors still need to monitor the next four years.

Hang Seng Tech Index up more than 2%; Horizon Robotics (09660.HK) and BYD Co. (01211.HK) lead gains. Hang Seng Index currently up 1.6%.