A-shares lose 4,000-point mark as nearly 4,800 stocks fall

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โดย Jiemian·Read original
Summary · why it matters

On July 7, the A-share market underwent volatile adjustments, with the Shanghai Composite Index falling below the key 4,000-point level to close down 1.26 percent. The Shenzhen Component Index dropped 1.24 percent, and the ChiNext Index slipped 0.94 percent. Nearly 4,800 stocks across the market declined, while trading volume shrank to approximately 2.58 trillion yuan. PCB concepts and memory chip sectors weakened, though some segments of the semiconductor supply chain bucked the trend. Panic in Asia-Pacific markets spilled over into A-shares, as South Korea's KOSPI index briefly plunged more than 8 percent during the session, triggering a circuit breaker. Despite the pronounced market swings, many industry insiders remain bullish on the outlook, believing the slow and long bull trend is intact, and that the second half of the year may feature a pattern of choppy upward movement with structural divergence.

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