A-shares Market Close: Shanghai Composite Index Continues to Decline, Falling 0.8% and Dropping Below 3,900 Points; Over 4,300 Stocks in the Entire Market Declined

By the close, the Shanghai Composite Index fell 0.8% to 3,891.86 points. The Shenzhen Component Index dropped 1.81% to 13,478.06 points. The ChiNext Price Index fell 2.7% to 3,184.95 points. The BEI 50 fell 0.99% to 1,248.29 points. The total trading value across the entire market was 19,975 billion yuan, up by 699 billion yuan versus the previous trading day. In terms of sector themes, transportation rail equipment, liquor, and banking led the gains; coal and agricultural chemical products led the declines. On the trading screen, the transportation rail equipment sector surged across the board. Jinxing Heavy Industry hit the 20CM daily limit up. Jiaoda Tiefa and Tongye Technology rose more than 10%. China Railway Engineering and Jinxi Axle also hit limit-up and sealed their boards. The liquor sector opened higher and then fell back: Huangtai Liquor rose more than 3%, and Kweichow Moutai rose more than 2%. The banking sector moved higher, with Bank of China and Agricultural Bank rising more than 3%. The coal sector weakened, with Shanxi Heimao and Zhengzhou Coal Electric falling more than 9%. Agricultural chemical products fell across the board: Chitianhua dropped more than 8%, while Hunan Haili and Kingenta Biotechnology fell more than 6%.