Woofun AI reports that the ChiNext index declined by more than 3%, accompanied by a 2.3% drop in the Shenzhen Component Index and a 1.6% decrease in the Shanghai Composite Index.

Sectors including gaming, film and television media, pharmaceuticals, and insurance led the market downturn. Approximately 4,300 stocks across the Shanghai, Shenzhen, and Beijing markets recorded losses in value.