Broad declines across China’s key indices
As of 9:20 AM CST, China’s major stock indices closed in the red, reflecting a challenging trading session. The CSI 1000 Index, which tracks small and mid-cap stocks, faced the sharpest drop, losing 2.46% to close at 5,974.56 CNY. The Shenzhen Component Index also posted a significant decline of 1.91%, settling at 10,544.02 CNY, while the SZSE Composite Index dipped 2.18% to finish at 1,966.78 CNY.
The SSE Composite Index, tracking Shanghai’s broader market, recorded a marginal loss of 0.21%, closing at 3,323.85 CNY. These declines suggest cautious investor sentiment amid global economic concerns and sectoral pressures in domestic markets.
Sectoral trends and market impact
The underperformance was widespread, with tech-heavy indices like the Shenzhen Component Index leading the losses. Small and medium enterprises reflected weaker market conditions, contributing to the CSI 1000’s sharp decline. W
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