---
title: "Closing Review: The Shanghai Composite Index fell over 1%, losing the 4000-point mark, as the computing power leasing concept collectively weakened"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279900312.md"
description: "On March 20th, the Shanghai Composite Index fell over 1% and lost the 4000-point mark, with the market experiencing a high and then retreating throughout the day. The ChiNext Index hit a new high for the year during the session before quickly falling back. The power sector was active, with strong performance in the energy storage concept and an increase in computing hardware concepts, but the computing leasing concept weakened collectively. The total trading volume of the Shanghai and Shenzhen stock markets reached 2.29 trillion yuan. In the end, the Shanghai Composite Index fell by 1.24%, the Shenzhen Component Index fell by 0.25%, and the ChiNext Index rose by 1.3%"
datetime: "2026-03-20T07:08:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279900312.md)
  - [en](https://longbridge.com/en/news/279900312.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279900312.md)
---

# Closing Review: The Shanghai Composite Index fell over 1%, losing the 4000-point mark, as the computing power leasing concept collectively weakened

According to the Daily Economic News AI report, on March 20, the market fluctuated throughout the day, with the Shanghai Composite Index experiencing a pullback and falling below the six-month moving average. The ChiNext Index reached a new high for the year during the session before quickly retreating. There was a clear divergence between the yellow and white lines, with small and mid-cap stocks generally declining, and the micro-cap stock index dropping over 3%. The total trading volume in the Shanghai and Shenzhen markets was 2.29 trillion yuan, an increase of 175.9 billion yuan compared to the previous trading day.

In terms of sectors, the power sector was repeatedly active, with Huadian Liaoning Energy hitting the limit up for five consecutive days, Shaoneng Co., Ltd. for three consecutive days, and Huadian Energy for two consecutive days, while Yinxing Energy and Guangxi Energy also reached the limit up. The energy storage concept strengthened rapidly, with Shouhang New Energy hitting the limit up and setting a new historical high, and Chint Power also hitting the limit up. The computing hardware concept rose during the session, with Yuanjie Technology reaching the 20% limit up, and New Yisheng rising over 8% to set a new historical high.

On the downside, the chemical sector fell sharply, with Jinniu Chemical, LuHua Technology, Jinzhengda, and Hongbaoli hitting the limit down. The computing leasing concept collectively weakened, with Xiechuang Data hitting the 20% limit down, and Hongjing Technology, Dawei Technology, and Capital Online among several stocks experiencing significant declines. By the close, the Shanghai Composite Index fell 1.24%, the Shenzhen Component Index dropped 0.25%, and the ChiNext Index rose 1.3%.

Daily Economic News

### Related Stocks

- [159977.CN](https://longbridge.com/en/quote/159977.CN.md)
- [159915.CN](https://longbridge.com/en/quote/159915.CN.md)
- [399006.CN](https://longbridge.com/en/quote/399006.CN.md)
- [510050.CN](https://longbridge.com/en/quote/510050.CN.md)
- [159903.CN](https://longbridge.com/en/quote/159903.CN.md)
- [159205.CN](https://longbridge.com/en/quote/159205.CN.md)
- [399001.CN](https://longbridge.com/en/quote/399001.CN.md)
- [159943.CN](https://longbridge.com/en/quote/159943.CN.md)
- [000001.CN](https://longbridge.com/en/quote/000001.CN.md)

## Related News & Research

- [China April Retail Sales +0.2% y/y (exp 2%) & Industrial Prduction +4.1% y/y (exp 5.9%)](https://longbridge.com/en/news/286699672.md)
- [China economy slows sharply as investment returns to contraction](https://longbridge.com/en/news/286707036.md)
- [China's property investment extends decline in January-April](https://longbridge.com/en/news/286699189.md)
- [China new home prices fall at slowest monthly pace in a year in April](https://longbridge.com/en/news/286697169.md)
- [China New Yuan Loans Fell in April](https://longbridge.com/en/news/286394830.md)