According to Jinshi Data on April 7th, the three major indices opened lower and continued to decline significantly, with the ChiNext Index at one point dropping about 15%. Individual stocks showed a widespread decline. By the close, the Shanghai Composite Index fell 7.34%, falling below 3100 points, the Shenzhen Component Index dropped 9.66%, and the ChiNext Index fell 12.5%. On the market, the seed industry concept rose against the trend, with Shen Nong Seed Industry, WANXIANG DONEED, and FENGLE SEED hitting the daily limit. The Apple concept plummeted, with multiple stocks including GoerTek, Luxshare Precision, Dongyi Electronics, and Gongda Electronics hitting the daily limit down. Sectors such as industrial machinery, software services, electrical instruments, communication equipment, internet, and components saw significant declines