China’s ChiNext Index Falls Over 2% as Nearly 4,000 Stocks Decline

The breadth of the selloff — nearly 4,000 decliners across all three exchanges — matters more than the headline index moves, since it points to a broad de-risking rather than trouble confined to one sector. The overlap of computing hardware and semiconductor chips at the top of the decline list suggests the growth and hard-tech names that have driven ChiNext and the STAR 50 are bearing the brunt. Whether this proves a single-session shakeout or the start of a deeper rotation is the open question, and the behavior of those tech-heavy boards relative to the broader market is the clearest signal to track.