The Shanghai Composite Index fell by 1.24%, breaking below the six-month moving average, with approximately 4,800 stocks in the entire market declining

The Shanghai Composite Index fluctuated throughout the day, while the ChiNext Index rose and then fell. The photovoltaic and energy storage sectors strengthened, with stocks such as Zhejiang Chint Power and Guosheng Technology hitting the daily limit. Optical communication concept stocks surged, with YUANJIE SEMICONDUCTOR rising over 15%, surpassing Cambricon to become the second highest in A-shares. The lithium battery sector rebounded, with Shinghwa hitting the daily limit. On the downside, the computing power leasing concept plummeted, with Litong Electronics and Chaoxun Communication hitting the daily limit; the chemical sector adjusted, with Jinzhengdai and Xinghua Co., Ltd. also hitting the daily limit. Individual stocks showed a general decline, with about 4,800 stocks in the Shanghai, Shenzhen, and Beijing markets falling, and today's trading volume reached 2.3 trillion. By the close, the Shanghai Composite Index fell by 1.24%, the Shenzhen Component Index fell by 0.25%, and the ChiNext Index rose by 1.3%