TREE NEWS reports: The ChiNext Index extended its decline to 3%, while the Shanghai Composite slipped nearly 1% and the Shenzhen Component dropped close to 2%. The STAR 50 Index fell nearly 3%, with more than 4,500 stocks across the market in the red. Computing power hardware shares broadly weakened in afternoon trading.
China’s ChiNext Index Falls 3% as Over 4,500 Stocks Decline
The broad-based nature of the selloff — more than 4,500 decliners and weakness in computing-power hardware — suggests this is a risk-off move rather than a sector-specific repricing. For crypto and RWA markets, the read-through is sentiment, not flows: Chinese equity weakness can dampen Asia-session risk appetite, particularly for tech-adjacent narratives. Whether the pressure stays contained to hardware names or broadens further is the open question.
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