Closing Comments: The ChiNext Index opened lower and fell by 2.6%. Multiple technology stocks such as computing power hardware and lithography machines collectively retreated.

The three major indices of A-shares fell collectively today, with the Shanghai Composite Index down 0.65% at the close, the Shenzhen Component Index down 1.76%, the Growth Enterprise Index down 2.6%, and the Beiyan 50 Index down 1.81%. The total turnover of Shanghai, Shenzhen, and Beijing markets was 2.1661 trillion yuan throughout the day, a decrease of 225.7 billion yuan from the previous day. Over 3400 stocks in the entire market fell. In terms of sector themes, wind power equipment, chemical fibers, agricultural chemicals, soybeans, textile manufacturing, and military equipment sectors had the highest gains; while the gaming, computing hardware, lithography, and consumer electronics sectors had the highest declines. On the market front, stocks in computing hardware like copper cables for high-speed connections, CPO, and liquid-cooled servers weakened collectively. Zhongheng Electric, Liangmicro, and Qingshan Paper Industry hit the limit down during trading, while stocks like Inovance, Inspur Information, and Industrial Fulian experienced a pullback. Some gaming sector stocks saw significant adjustments, with G-bits hitting the limit down and Kunlun Wanjie, Xinghui Entertainment, and Sanqi Interactive leading the declines. In addition, stocks related to consumer electronics, lithography machines, and AI applications also performed poorly. On the other hand, the wind power equipment sector surged against the trend, with Weili Transmission up by the daily limit, and Jixin Technology and Mingyang Intelligent also hitting the daily limit. The chemical fiber sector also showed strong performance, with stocks like Shenma Stock, Sanfangxiang, Xinfengming, Xinxiang Chemical Fiber, and Tongkun Stock leading the gains.