TREE NEWS reports: The Shanghai Composite fell 1.18% to close at 3,888.11, with the Shenzhen Component down 1.08% at 13,471.26 and the ChiNext Index off 0.49% at 3,322.04. The CSI 300 dropped 0.84% to 4,510.16 and the STAR 50 lost 1.01% to 1,553.39. Smaller caps led declines, with the CSI 500 down 1.78% at 7,580.54 and the CSI 1000 down 2.12% at 7,427.24.
Shanghai Composite Closes Down 1.18% at 3,888.11
The breadth of the selloff matters more than the headline index move: every major gauge closed lower, and the small-cap CSI 1000 and CSI 500 fell roughly twice as much as the large-cap CSI 300. That pattern points to risk reduction at the speculative end of the market rather than a broad repricing of large, liquid names, with the ChiNext's smaller decline suggesting the pressure was not uniform across growth. Whether small caps keep underperforming large caps is the open question.
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