China A-shares closed lower overall: Shanghai Composite -0.82%, Shenzhen Component -2.92%, ChiNext -4.45%, STAR/Kechuang 50 -4.27%. Turnover 1.56 tln yuan, down 72 bln yuan versus the previous session. More than 4,700 stocks fell. CPO sector extended losses; Tianfu Communication hit the 20% down limit, Baiwei Storage and Liante Technology fell over 15%, Yuanjie Technology nearly 12%. Storage-chip names weakened — Shengmei Shanghai down about 16%, Pinzhun Laser and Shenghe Jingwei off more than 1

China A-shares closed lower overall: Shanghai Composite -0.82%, Shenzhen Component -2.92%, ChiNext -4.45%, STAR/Kechuang 50 -4.27%. Turnover 1.56 tln yuan, down 72 bln yuan versus the previous session. More than 4,700 stocks fell. CPO sector extended losses; Tianfu Communication hit the 20% down limit, Baiwei Storage and Liante Technology fell over 15%, Yuanjie Technology nearly 12%. Storage-chip names weakened — Shengmei Shanghai down about 16%, Pinzhun Laser and Shenghe Jingwei off more than 10%. Fiber-optic plays declined across the board: Changyingtong and Guangku Technology dropped over 15%, Robotech and Changxin Bochuang fell more than 14%. AIPC, PET copper-foil and consumer-electronics themes were among the biggest decliners. Banks outperformed; Industrial and Commercial Bank of China and China Construction Bank closed at record highs. Stocks held by China Securities Finance and the 'horse-racing' concept showed relative strength.