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Market Overview - The market experienced fluctuations throughout the day, with high-position stocks collectively weakening. The semiconductor, battery, precious metals, computing hardware, and photovoltaic equipment sectors saw the largest declines, while gas, textile manufacturing, coal, port shipping, pork, cement and building materials, and electric grid equipment sectors recorded gains [1]. Index Performance - The CSI 300 Index fell by 2.0%, closing at a rolling price-to-earnings (P/E) ratio of 14.4 times, with a valuation percentile of 67.8% since its inception in 2005 [2]. - The CSI A500 Index decreased by 2.3%, with a rolling P/E ratio of 17.1 times and a valuation percentile of 74.9% since its inception in 2004 [2]. - The ChiNext Index dropped by 4.6%, with a rolling P/E ratio of 45.8 times and a valuation percentile of 46.1% since its inception in 2010 [2]. - The STAR Market 50 Index declined by 5.6%, with a rolling P/E ratio of 197.0 times and a valuation percentile of 100.0% since its inception in 2020 [2]. - The Hang Seng China Enterprises Index fell by 1.8%, with a rolling P/E ratio of 10.9 times and a valuation percentile of 66.7% since its inception in 2002 [4].