TREE NEWS reports: China’s A-shares fell sharply in morning trade on September 28, with the ChiNext Index down 4.32% at the midday break, the Shanghai Composite off 1.74% and the Shenzhen Component down 3.37%. More than 4,800 stocks declined across the Shanghai, Shenzhen and Beijing markets, against 643 gainers, while half-day turnover reached 1.17 trillion yuan. Auto整车 and cybersecurity names rose, led by JAC Motors and Zhongxin Saike limit-ups, while computing hardware, precious metals, semiconductors and consumer electronics led losses.
China Stocks Tumble at Midday; ChiNext Down 4.32%, Over 4,800 Decliners
AI take
The scale of the decline is notable less for the index moves than for the breadth: with over 4,800 decliners and only 643 gainers, selling was broad rather than concentrated in a few sectors. The pockets of strength in autos and cybersecurity look like isolated themes, not a rotation bid. For RWA and crypto markets, the relevant signal is whether this risk-off tone in Chinese equities feeds into broader Asia sentiment, or stays a domestic equity story. Whether turnover holds up into the close is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
28m ago
India’s Nifty 50 Index Falls 1%
35m ago
BAIC Group Ex-Chairman Xu Heyi Gets Suspended Death Sentence
42m ago
Netanyahu Reportedly Made Secret Visit to UAE on Nov 27
56m ago
Shanghai Composite Falls 1.74% to 3820.82 at Midday Close
1h ago
HKD 1-Month HIBOR Rises to Highest Level Since December
1h ago
Xinjiang Issues 5-Year General Local Government Bond at 1.46%, Plus Three Special Bonds