Canaan Stock Plunges 7.7% as A-Share Indices Drop Sharply

Canaan shares fell 7.7% at market open amid broader A-share weakness, with Shanghai Composite down 0.91% and ChiNext sliding 3.12%.

Woofun AI data shows that A-share markets opened lower on July 28, with the Shanghai Composite Index declining by 0.91%. The Shenzhen Component Index dropped by 2.25%, while the ChiNext Index fell by 3.12%. Within this broader downturn, Canaan Inc. (C: CAN) shares opened with a 7.7% decrease.