On the afternoon of May 21, the three principal A-share indices took a downward turn together. The Shanghai Composite Index concluded the trading session 2.04% lower at 4,077.28 points, while the Shenzhen Component Index dipped by 2.07%, and the ChiNext Index fell by 2.35%. Across the Shanghai, Shenzhen, and Beijing stock exchanges, over 4,700 stocks experienced a decline. Trading volume surged to RMB 3.51 trillion, marking a RMB 530 billion increase from the previous trading day. Leading the downturn were technology sectors, including semiconductors and AI computing power, whereas the banking sector demonstrated relative strength amidst the market turmoil.
