Multiple heavyweight stocks encountered a large sell-off during the closing auction.

During the closing call auction, multiple weighted stocks had huge sell orders, with China Merchants Bank having sell orders exceeding 6.5 billion yuan, while Zijin Mining, Yangtze Power, Aluminum Corporation of China, SAIC Motor, Industrial Bank, China International Duty Free, Ping An Insurance, Hengrui Medicine, and Guizhou Moutai all had sell orders exceeding 1 billion yuan. Prior to this, China Citic Securities had sell orders exceeding 1 billion yuan on September 17, 2025, October 24, 2025, and January 7, 2026.