Closing Summary: Shanghai Composite Index opened higher and fell to close down 0.40%, with over 3850 individual stocks in the market experiencing declines.

The three major indexes of A-shares collectively closed down, as of the close, the Shanghai Composite Index fell by 0.40%, the Shenzhen Component Index fell by 0.76%, the ChiNext Index fell by 1.12%, and the BeiGene 50 fell by 1.00%. The total turnover of Shanghai, Shenzhen, and Beijing markets for the whole day was 1.7226 trillion yuan, a decrease of 20 billion yuan from the previous day. More than 3850 stocks in the whole market fell. In terms of sector themes, the Hainan, banking, and lithium sectors rose while the China State Shipbuilding Corporation and tourism sectors adjusted. In terms of market performance, the Hainan sector fluctuated higher, and Hainan Haiyao hit the daily limit up. The banking sector was strong across the board, with Bank of China rising by over 4% and China Construction Bank rising by nearly 3%. The lithium sector remained strong, with Weiling shares hitting the daily limit up and Shengxin Lithium Energy rising by nearly 7%. The China State Shipbuilding Corporation sector adjusted, with all stocks in the sector turning red, and China State Shipbuilding Special Gas falling by over 5%. The tourism sector weakened, with Nanjing Commercial Travel and Yunnan Tourism falling by over 6%.