China’s ChiNext and STAR 50 Fall Over 1% as 3,100+ Stocks Decline

The selloff is broad rather than concentrated, with over 3,100 decliners across all three mainland exchanges, but the leadership of precious metals and lithium miners alongside coal and semiconductors points to a single risk-off impulse hitting both defensive and growth-linked sectors at once. That combination is harder to explain by any one catalyst, which makes the breadth itself the signal worth watching: whether the declines stay concentrated in these resource and chip names or spread into the rest of the market is the open question.