Closing: Shenzhen Component and ChiNext Index both fell more than 1%, while consumer stocks rebounded against the trend.

The index accelerated downwards in the afternoon, with the Shenzhen Component Index falling by over 1% and the ChiNext Index dropping by nearly 2%. In terms of sectors, consumer stocks rebounded against the trend, with dairy, liquor, and retail leading the market, with stocks such as HUANGTAI Liquor Industry, Happiness Home, and HUANGSHI Group hitting the daily limit up; the precious metal sector hit bottom and rebounded, with CHIFENG Gold leading the gains; the insurance sector remained strong, with China Ping An rising over 5%; on the downside, mining hardware stocks collectively fell, with the CPO sector leading the decline, with TENGJING Technology and SHIJIA Photonics falling by over 10%; the semiconductor sector declined, with XINYUAN Shares falling by over 10%. Overall, the majority of stocks in the two markets fell more than they rose, with over 2900 stocks falling. As of the close, the Shanghai Composite Index was at 3867.92 points, down 0.55%; the Shenzhen Component Index was at 13112.09 points, down 1.10%; the ChiNext Index was at 3137.80 points, down 1.77%. In terms of the market, the dairy industry, insurance, and beverage manufacturing sectors led the gains, while the AI phone, fiber optic concept, and CPO sectors led the declines.