The Shanghai Composite Index fell by 2.48%, with nearly 4,700 stocks in the entire market declining

The market fluctuated throughout the day, with all three major indices falling over 2%, and the Shanghai Composite Index narrowly holding above the 4000-point mark. The power grid equipment sector performed strongly against the trend, with stocks like Tongguang Cable and Shuangjie Electric hitting the daily limit. Liquor stocks continued to rise, with Huangtai Liquor achieving three consecutive limit-ups and Jinhui Liquor hitting two limit-ups in three days. On the downside, resource stocks collectively adjusted, with precious metals and oil and gas sectors leading the decline, as multiple stocks including Zhongjin Gold and Zhunyou Co., Ltd. hit the daily limit down; semiconductor chip stocks also fell sharply, with companies like Zhaoyi Innovation and Wentai Technology hitting the daily limit down; Huahong Semiconductor and Beijing Junzheng both dropped over 10%. Individual stocks showed a widespread decline, with nearly 4,700 stocks in the Shanghai, Shenzhen, and Beijing markets in the red, and today's trading volume reached 2.61 trillion yuan. By the close, the Shanghai Composite Index fell by 2.48%, the Shenzhen Component Index fell by 2.69%, and the ChiNext Index fell by 2.46%