China Stocks Slide as ChiNext Drops 2.92%; Broad-Based ETFs See Late Volume Surge

TREE NEWS reports: China’s three major A-share indices closed lower, with the ChiNext Index falling 2.92%, the Shenzhen Component down 2.43% and the Shanghai Composite off 1.59%. More than 5,100 stocks declined across the Shanghai, Shenzhen and Beijing exchanges, while total turnover exceeded 1.64 trillion yuan. Broad-based ETFs drew heavy late-session volume, with E Fund’s ChiNext ETF and ChinaAMC’s STAR 50 ETF each trading over 10 billion yuan, and E Fund’s CSI 300 ETF topping 15 billion yuan, a near nine-month high.