China’s ChiNext Index Falls Over 1% as 4,300+ Stocks Decline

The breadth is the story: a decline of over 4,300 stocks across all three mainland exchanges points to a broad risk-off session rather than a sector-specific repricing, even as the headline index moves look modest. The clustering of weakness in real estate, semiconductors, computing hardware and precious metals suggests investors are trimming both cyclical and defensive positions at once. Whether this breadth persists or narrows back to a few lagging sectors is the open question, and it matters for anyone tracking China-linked RWA and digital-asset sentiment.