The three key indices of China's A-share market closed lower collectively. The Shanghai Composite Index dipped by 0.88%, the Shenzhen Component Index fell by 1.97%, and the ChiNext Index experienced a sharper decline of 3.1%. Computing power-related stocks took a significant hit, with GTA Semiconductor plummeting over 11%, TFC Communication dropping more than 7%, and Zhongji Innolight, Eoptolink Technology, and Foxconn Industrial Internet all declining by over 5%. In contrast, the oil, gas, and coal sectors showed resilience, with Antai Group surging to its daily limit, Jinneng Holding Coal Industry Group rising over 5%, China National Offshore Oil Corporation gaining over 4%, and China Petroleum & Chemical Corporation increasing by more than 3%. Additionally, short-drama gaming concept stocks strengthened, with multiple stocks, including Ciwen Media and Zhangyue Technology, hitting their daily limits. Across the market, nearly 4,500 stocks ended the session in negative territory.
