On October 9, the A-share market witnessed a downturn in its indices. Specifically, the GEM Index experienced a notable decline of over 2%. Concurrently, the Shanghai Composite Index saw a 0.75% decrease, while the Shenzhen Component Index fell by 1.55%. The downturn was predominantly led by AI hardware stocks, including MLCC, PCB, and CPO sectors. Across the Shanghai, Shenzhen, and Beijing markets, more than 4,300 individual stocks ended up in negative territory.
