Specifically:
Major financial stocks fell across the board. Among domestic bank stocks, Jiutai Rural Commercial Bank fell more than , Bank of Tianjin fell more than , and China Merchants Bank and Industrial and Commercial Bank of China fell more than .
Among domestic insurance stocks, , New China Life Insurance fell more than , and China People's Insurance, China Life, Ping An Insurance and others followed suit.
Guolian Securities pointd out that considering the multiple south korea phone number list reductions in LPR in , the asset returns of listed banks are expected to remain under pressure in . AVIC Securities once pointed out that the current uncertainty in the insurance sector is mainly based on the pressure faced on the asset side, and the subsequent valuation repair still needs to be judged based on the performance of the bond market, equity market, and real estate market.
Semiconductor stocks led the decline, with Hongguang Semiconductor falling more than , SMIC falling more than , and Hua Hong Semiconductor and Shanghai Fudan following suit.
SaaS concepts fell, Mobvista fell more than , Huitongda Network fell more than , China Software International and Mingyuan Cloud fell more than , and Kingdee International and Kingsoft Software followed suit.
Auto stocks performed poorly, with Beijing Auto falling more than , Geely Auto, Great Wall Motor, and GAC Group falling more than , and Xpeng Motors, Leapmotor and others following suit.