

Market Overview - The A-share market experienced significant volatility, with the Shanghai Composite Index initially rising but ultimately closing with a slight gain of 0.32% [2] - The Shenzhen Component Index and the ChiNext Index both declined, closing down 0.25% and 0.36% respectively [2] Market Performance - A total of 1,169 stocks rose, while 4,120 stocks fell, indicating a broad market decline [4] - The total trading volume reached 14,545.19 billion, with a total of 117,911.8 million shares traded [4] Sector Highlights - Power stocks saw notable gains, with companies like Huayin Power and Shaoneng Co. hitting the daily limit [6] - Stablecoin concept stocks were also active, with companies such as Jingbeifang and Xinyada reaching their daily limit [8] Notable Stocks - Major banks such as CITIC Bank and Industrial Bank saw increases of 3.73% and 3.16% respectively [5] - Other banks like Everbright Bank and Minsheng Bank also reported gains, contributing to the overall performance of the banking sector [5] Economic Context - The market's afternoon surge was attributed to positive news regarding U.S.-China trade relations, with both sides reportedly reaching a consensus on export controls [9] - However, the subsequent decline in the index raised questions about the market's strength and investor confidence [10]