On the afternoon of February 2nd, the Shanghai Composite Index saw its decline widen to 2%. In tandem, the Shenzhen Component Index slipped by 1.98%, while the ChiNext Index retreated 1.61%. Across the entire market, over 3,700 individual stocks finished in the red. Leading the downturn were resource-cyclical stocks, including those in the metals, oil and gas, and chemicals sectors, alongside a notable pullback in the semiconductor industry.
