Closing Report: Shanghai Composite Index opened high and fell by 1.43%, ChiNext Index fell by over 5%, and more than 4,800 individual stocks experienced declines.

Stock indexes opened high and continued to fall, with the Shenzhen Component Index falling more than 3%, the ChiNext Index falling more than 2%, and the Sci-Tech Innovation 50 Index falling more than 5%. In terms of sectors, oil and gas stocks continued to surge, with companies such as Kele Technology, Tongyu Petroleum, Qianeng Hengxin, Shouhua Gas, and Huibopu all rising by the daily limit; coal stocks were active, with Shaanxi Black Cat and Dayou Energy both rising by the daily limit; the military industry sector fluctuated and rose, with North Navigation, Zhongtian Rocket, and several other stocks rising by the daily limit; the shipping sector was active again, with companies such as Air China Ocean Shipping, China Merchants Steam Navigation, and China Merchants Energy Shipping all rising by the daily limit. On the downside, the military industry sector continued to decline, with Han's Laser Technology falling by more than 15%; the semiconductor industry chain saw a further decline in the afternoon, with stocks in storage and computing chip sectors leading the decline, such as Nationalchip, Hengshuo Technology, Puran Technology, Xinyuan Technology, and Aojie Technology all falling by more than 10%; the rare earth permanent magnet sector also declined, with companies like Shenghe Resources and China Rare Color falling by the daily limit. Overall, individual stocks in the two markets showed a general downward trend, with more than 4800 falling. At the close, the Shanghai Composite Index was at 4122.68 points, down 1.43%; the Shenzhen Component Index was at 14022.39 points, down 3.07%; and the ChiNext Index was at 3209.48 points, down 2.57%. On the market, oil and gas exploration, gas, and shale gas sectors led the gains; while military equipment, minor metals, and aerospace engine sectors led the declines.