A-shares closed sharply lower as risk-off swept the market. Shanghai Composite fell 2.40%, Shenzhen Composite dropped 5.01%, ChiNext plunged 6.26% and the STAR 50 Index fell 6.89%. Turnover across Shanghai and Shenzhen was 2.51 trillion yuan, up more than 110 billion yuan from the prior session. More than 5,000 stocks declined. MLCC names led losses, with Fenghua Hi‑Tech, Boqian New Materials, Jiemei Technology and Torch Electronics hitting lower limits. The CPO cohort tumbled; roughly 20 stocks

A-shares closed sharply lower as risk-off swept the market. Shanghai Composite fell 2.40%, Shenzhen Composite dropped 5.01%, ChiNext plunged 6.26% and the STAR 50 Index fell 6.89%. Turnover across Shanghai and Shenzhen was 2.51 trillion yuan, up more than 110 billion yuan from the prior session. More than 5,000 stocks declined. MLCC names led losses, with Fenghua Hi‑Tech, Boqian New Materials, Jiemei Technology and Torch Electronics hitting lower limits. The CPO cohort tumbled; roughly 20 stocks hit limit down, including Yangtze Optical Fibre, Xingwang Ruijie, Anfu Technology, Tsinghua Unigroup and Tongyu Communication. Humanoid-robot names sold off sharply—Shangwei New Materials fell over 19%, and multiple peers were down more than 15%. Lithography, memory chips, glass-substrate and advanced packaging sectors also underperformed. Banks bucked the selloff: CITIC Bank rose about 4%, while Agricultural Bank of China, Nanjing Bank, Bank of Shanghai and Qingdao Bank gained over 2%. Coal sector remained active, with Baotailong, Shaanxi Heimao, Jinneng Technology, Suda, Dayou Energy and Meijin Energy hitting upper limits. New issue N Yushu surged 460.34% on its debut to 845 yuan, with turnover above 23 billion yuan.