China's A-Share Market Closes Lower as Three Major Indexes Drop, Shanghai Composite Down 1%

A-Share Indexes Open Higher Then Slide; CPO, Drug Stocks Gain

China's major indexes opened higher but then drifted lower. The Shanghai Composite closed down 1%, the Shenzhen Component fell 0.99%, and the ChiNext Index dropped 0.73%.

CPO-related stocks strengthened, with multiple names like Dekeli and Zhongci Electronics hitting their daily limits. Some innovative drug stocks also stayed active, with China National Medicines and Jinyao Pharmaceutical among those locking in limit-up moves. Lithography machine concepts and multi-financial sectors also posted gains.

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On the downside, most sectors fell—including aquaculture, gas and heating, tourism, power, and daily chemicals. About 4,800 stocks ended the day in the red, with total turnover exceeding 1.6 trillion yuan.

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