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Today, all three major A-share indices closed lower, with the Shanghai Composite Index down 1.76%, the Shenzhen Component Index down 1.43%, and the ChiNext Index declining by 0.69%. During trading, chip stocks shone brightly, as Cambricon's share price surged by over 10% at one point, even surpassing that of Kweichow Moutai. Additionally, the optical module and rare earth sectors distinguished themselves, with Northern Rare Earth and Innolight Photonics both experiencing gains of more than 8%. Conversely, the stablecoin, real estate, and automobile sectors struggled, with Vantone Development and Shenzhen Special Economic Zone Real Estate (Group) Co., Ltd. both hitting their daily limit down, and JAC Motor falling by more than 6%. Across the Shanghai, Shenzhen, and Beijing markets, over 4,700 stocks declined, and today's trading volume surpassed the RMB 3 trillion mark.
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