Mainland A-shares opened higher then fell; at close the Shanghai Composite was
down 1.33%, the Shenzhen Composite Index down 2.50% and the ChiNext Index down
3.41%. Turnover on Shanghai and Shenzhen totaled 1.46 trillion yuan, down 147.8
billion yuan from the prior session. More than 4,900 stocks declined. Haoen
Qidian plunged in late-session matching trades, closing near -16%. Banks
outperformed, led by Shanghai Rural Commercial Bank and Chongqing Bank. Retail
names were active: Shanghai Jiubai recorded a fifth consecutive limit-up, while
Maoye Commercial and Guangbai hit daily limits. Shipping, airport and coal
sectors strengthened. Semiconductors opened higher then slid, with Unigroup
Guowei hitting limit-down. Aerospace and defense retreated, Hongdu Aviation hit
limit-down. Biotech, communications equipment and computer hardware were among
the weakest sectors.
