---
title: "Closing Review: The Shanghai Composite Index closed down 0.3%, with the textile manufacturing sector strong throughout the day"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/239495238.md"
description: "The Shanghai Composite Index closed down 0.3%, at 3342.00 points. The three major stock indices adjusted, with the STAR Market 50 index down nearly 2%. The textile manufacturing sector performed strongly, with Wensli hitting the daily limit, and bank stocks collectively strengthened, led by the Bank of Qingdao. Power stocks were active, while the semiconductor sector adjusted, with Huahong Semiconductor leading the decline. Overall, individual stocks in the market fell, with over 4,000 stocks declining. The Shenzhen Component Index and the ChiNext Index fell by 0.69% and 0.87%, respectively"
datetime: "2025-05-09T07:02:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/239495238.md)
  - [en](https://longbridge.com/en/news/239495238.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/239495238.md)
---

# Closing Review: The Shanghai Composite Index closed down 0.3%, with the textile manufacturing sector strong throughout the day

The three major stock indices adjusted throughout the day, with the Sci-Tech Innovation 50 index down nearly 2%. In terms of sectors, the textile manufacturing sector was strong all day, with Wensli hitting the daily limit, and Huasheng Co., Yingfeng Co., and Hongda Gaoke also reaching the daily limit during the session; bank stocks collectively strengthened, with Bank of Qingdao leading the gains; power stocks were active, with Huaihe Energy and Jinkong Power hitting the daily limit; the semiconductor sector collectively adjusted, with Huahong Company leading the decline; the brain-computer interface concept saw a pullback, with Aipeng Medical and Dinake among the biggest losers; the film and theater chain concept continued to adjust, with Huazhi Shumei leading the decline. Overall, individual stocks showed a general downtrend, with over 4,000 stocks declining. By the close, the Shanghai Composite Index was at 3,342.00 points, down 0.30%; the Shenzhen Component Index was at 10,126.83 points, down 0.69%; and the ChiNext Index was at 2,011.77 points, down 0.87%. On the market, the textile manufacturing, beauty care, and banking sectors had the largest gains, while the Sci-Tech Innovation new shares, semiconductor, and DRG/DIP sectors had the largest declines

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