China's A-share market saw a sharp sell-off on July 17, with the Shanghai Composite Index falling 3.05% to 3,764.15 points, the Shenzhen Component Index dropping 5.4% to 13,706.88 points, and the ChiNext Index tumbling 7.15% to 3,428.63 points. Total turnover on the Shanghai and Shenzhen exchanges reached 2.6549 trillion yuan, an increase of 251.3 billion yuan from the previous trading day, with Shanghai contributing 1.2464 trillion yuan and Shenzhen 1.4085 trillion yuan. On the sector front, semiconductors and computing hardware supply chain stocks suffered heavy losses, while the pharmaceutical and biotech sector also plunged, with the CRO index falling more than 10%. In contrast, power and banking stocks bucked the trend to post gains. In terms of individual stocks, 481 stocks rose across the two exchanges and the Beijing Stock Exchange, while 4,997 stocks fell. 44 stocks gained more than 9%, and 816 stocks lost more than 9%. Analysts believe the correction reflects a release of risks from both internal and external disturbances, and the market is in a phase of volatile consolidation. A subsequent stabilization and continuation of structural market trends remain highly probable.
Shenzhen Jiawei Photovoltaic Lighting Co Ltd
Guangdong Kingshine Electronic Tech
Tibet Duo Rui Pharmaceutical Co.Ltd.
Hangzhou Bio-Sincerity Pharma-Tech Co.Ltd.
Leshan Electric Power Co Ltd
Bank of China Limited
Hangzhou Cogeneration Group Co Ltd