TREE NEWS reports: China’s A-shares fell sharply in morning trade on September 28, with the ChiNext Index down 4.32% at the midday break, the Shanghai Composite off 1.74% and the Shenzhen Component down 3.37%. More than 4,800 stocks declined across the Shanghai, Shenzhen and Beijing markets, against 643 gainers, while half-day turnover reached 1.17 trillion yuan. Auto整车 and cybersecurity names rose, led by JAC Motors and Zhongxin Saike limit-ups, while computing hardware, precious metals, semiconductors and consumer electronics led losses.
China Stocks Tumble at Midday; ChiNext Down 4.32%, Over 4,800 Decliners
AI take
The scale of the decline is notable less for the index moves than for the breadth: with over 4,800 decliners and only 643 gainers, selling was broad rather than concentrated in a few sectors. The pockets of strength in autos and cybersecurity look like isolated themes, not a rotation bid. For RWA and crypto markets, the relevant signal is whether this risk-off tone in Chinese equities feeds into broader Asia sentiment, or stays a domestic equity story. Whether turnover holds up into the close is the open question.
Generated by AI for reference only.
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