Shanghai Composite Index Falls Below 4000 Points as Over 4500 Chinese Stocks Decline

(CNA, Beijing, 8th, by reporter Chang Shu-ling) Chinese stocks opened lower and fluctuated today. The Shanghai Composite Index briefly reclaimed the 4000-point mark during the session but failed to hold it, closing down 1.70%, showing relative resilience. The Shenzhen Component Index, ChiNext Index, and the STAR Market's STAR Composite Index all dropped by over 3%. At the close, more than 4500 individual stocks had fallen.

As of the close, the Shanghai Composite Index (SSE) closed at 3959.34 points, down 1.70%; the Shenzhen Component Index closed at 14821.19 points, down 3.22%; the ChiNext Index closed at 3811.79 points, down 3.69%; and the STAR Composite Index closed at 1955.28 points, down 3.46%.

According to comprehensive reports from Chinese media, the total transaction volume for the Shanghai and Shenzhen stock markets today was 2.79 trillion RMB (approximately 12.83 trillion NTD), a decrease of 276.5 billion RMB from the previous trading day. Market focus was scattered.

Influenced by the major drop in U.S. stocks on the 5th, all major Chinese stock indices opened collectively lower today, fluctuated, and trended further down in the afternoon. Among them, technology stocks fell across the board, with chip/semiconductor and computing hardware stocks declining, and non-ferrous metals experiencing larger drops. (Editor: Chiu Kuo-chiang) 1150608