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-bor

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 was 1.53 trillion yuan, down about 362.7 bln yuan from the previous session; roughly 1,100 stocks advanced and 4,000 declined.