A-shares closed lower: Shanghai Composite -1.85%, Shenzhen Composite Index
-1.97%, ChiNext Index -2.95%. Combined turnover on the Shanghai and Shenzhen
exchanges exceeded 2.4 trillion yuan; more than 2,300 stocks advanced.
Pharmaceuticals outperformed and cinema chains staged an intraday recovery,
while the semiconductor chain broadly weakened—semiconductor equipment continued
to fall and memory-chip names extended losses. Shenghui Jicheng and Demingli hit
limit-down for a second consecutive day; GigaDevice (Zhaoyi Chuangxin) hit the
limit today.
