China’s A-share markets closed lower across the board on Tuesday, with all major indices retreating amid broad-based selling pressure. The benchmark Shanghai Composite Index dropped 0.44% to close at 3,207.35 points, while the Shenzhen Component Index fell 0.86% and the tech-heavy ChiNext Index plunged 1.17%. The Beijing Stock Exchange 50 Index also declined 1.01%, as over 4,000 stocks ended in negative territory.
Trading volume expanded significantly, with total market turnover reaching 1.45 trillion yuan ($200 billion), up 138.6 billion yuan from Monday’s session. Sector performance showed clear divergence – port shipping stocks led gainers, with Air China Oceanwide, Nanjing Port (002040) and Lianyungang all surging by the 10% daily limit. The innovative drug sector remained strong, as Anglican (002940), Harbin Sanlian (002900) and Zhongsheng Pharmaceutical (002317) all hit upper trading limits.
Other outperformers included football-related stocks, with Cai Jing (605099) extending its rally to seven consecutive limit-up sessions, and solid-state battery makers like Longpan Technology (603906) jumping 10%. However, these gains were offset by heavy losses in defense stocks, with Jetqiang Equipment (300875) plunging over 9%, while semiconductor shares also underperformed. The market’s weakness reflects ongoing sector rotation and profit-taking after recent gains.
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