Sou Hu Cai Jing·2025-10-17 06:49Market Overview - A-shares continued to decline in the afternoon, with the Shanghai Composite Index down nearly 2% and the ChiNext Index down over 3% [1] - The Hang Seng Index fell over 3%, with tech stocks and semiconductor shares experiencing widespread declines [1][4] - Government bonds rebounded, with the 30-year futures contract rising nearly 0.6% [2][3] Sector Performance - The banking sector showed resilience, with several banks, including Agricultural Bank of China, hitting new highs [1][24][31] - New energy sectors, including photovoltaic and energy storage concepts, saw significant declines, with stocks like Shenghong Co. and Igor falling to their limits [17][18] - Semiconductor stocks also faced pressure, with major players like SMIC and BYD Electronics dropping significantly [10][12][20] Commodity Market - Domestic commodity futures showed divergence, with gold prices surging over 3% due to international price increases, while other commodities like lithium carbonate and coking coal also saw gains [2][5][38] - The gold futures contract broke the 1000 yuan mark, marking a significant increase of over 60% year-to-date [8] Trading Volume and Market Sentiment - The overall market sentiment was bearish, with approximately 4000 stocks in the Shanghai and Shenzhen markets declining [14][22] - The trading volume decreased, with the total market turnover dropping by 32.6 billion yuan compared to the previous trading day [14] Notable Stock Movements - ZTE Corporation hit the daily limit down with a trading volume exceeding 14.8 billion yuan, while its Hong Kong counterpart fell over 12% [6] - Major tech stocks like Baidu and Alibaba also experienced declines of over 3% [11][12]