China A-shares closed sharply lower. Shanghai Composite -2.06%, Shenzhen
Component -3.48%, ChiNext -3.10%. Broad sell-off: roughly 4,600 stocks fell.
Traditional Chinese medicine sector outperformed, with several names hitting
limit-up and Shanghai Kaibao up >15%, Jiuzhitang and Tianmu Pharmaceutical among
those at the up limit; several TCM names rose >10%. Banking stocks rallied:
Suzhou Bank +6%+, Bank of Ningbo, Chongqing rural commercial banks, Xiamen Bank
and China Construction Bank also advanced. Lab-grown diamond sector collapsed;
multiple names hit limit-down, Huifeng Diamond down >15%. Commercial space
stocks were weak across the board, with more than 30 names hitting limit-down,
including Beidou Xingtong and Tongyu Communications.
