China’s Shenzhen Component Falls Over 2%, Shanghai Composite Down 1.78%

The breadth here matters more than the headline index moves: nearly 5,200 declining stocks points to a market-wide risk-off session rather than a selloff concentrated in one sector. That the drops span non-ferrous metals, semiconductor chips and large-cap financials — resource, growth and defensive names together — suggests the pressure was macro-driven rather than tied to any single industry's news. Whether that breadth persists into the next session, or narrows back to specific sectors, is the open question.