China Stocks Slide as ChiNext Drops Over 3%, Nearly 4,500 Names Fall

The breadth of the decline — nearly 4,500 names falling across all three mainland exchanges — matters more than the headline index moves, since it signals selling pressure rather than isolated weakness in one sector. The overlap of precious metals with tech and consumer electronics in the losers' list is notable, as those groups often trade on different drivers. Whether that broad-based selling persists or narrows to a few sectors is the open question.