Xin Lang Cai Jing·2025-10-23 04:13Core Viewpoint - The three major indices in the Chinese stock market experienced a collective decline during the morning session, indicating a bearish sentiment among investors [1]. Market Performance - The Shanghai Composite Index fell by 0.66%, the Shenzhen Component Index decreased by 0.87%, the ChiNext Index dropped by 1.1%, and the Beijing Stock Exchange 50 Index declined by 1.75% [1]. - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 10,580 billion yuan, a decrease of 290 billion yuan compared to the previous day [2]. - Over 3,800 stocks in the market saw declines, reflecting widespread selling pressure [2]. Sector Performance - The sectors that performed well included Shenzhen state-owned enterprise reform, coal mining and processing, film and television, port shipping, energy metals, and tourism and hotels [2]. - Conversely, sectors that faced significant declines included engineering machinery, cultivated diamonds, CPO, precious metals, and semiconductors [2]. Notable Stocks - Shenzhen local stocks experienced a collective surge, with companies like Jian Ke Yuan hitting the daily limit, and others such as Guangtian Group, Shen Saige, and Shen Property A also reaching the daily limit [2]. - The coal sector continued its upward trend, with stocks like Shanxi Coking Coal, Yunnan Coal Energy, and Shaanxi Black Cat hitting the daily limit during intraday trading [2]. - The port shipping sector saw a rally, with Qin Port Co. reaching the daily limit [2]. Declining Stocks - The engineering machinery, cultivated diamonds, and oil and gas extraction sectors experienced a collective pullback, with stocks like Shanhe Intelligent, Construction Machinery, and Zhun Oil falling significantly [2]. - CPO concept stocks also faced volatility, with companies like Weier Gao and Dongtianwei dropping over 10%, while Tianfu Communication, Changfei Optical Fiber, and Xinyi Sheng also declined [2].