Market Overview - The market experienced significant fluctuations despite positive factors such as the Federal Reserve's interest rate cut and developments in US-China trade relations, with major indices closing lower. The Shanghai Composite Index fell by 0.73%, the Shenzhen Component Index dropped by 1.16%, and the ChiNext Index decreased by 1.84% [1][2]. Stock Performance - A total of 1,242 stocks rose, with 61 hitting the daily limit, while approximately 4,100 stocks declined. The overall market saw a decrease in the number of rising stocks by 1,480, representing a decline of 54.37% [2][3]. Sector Highlights - The lithium battery sector showed resilience, with companies like Tianqi Lithium and Xizang Chengtou reaching their daily limit. Notable gainers included Tianhua Xinneng (up 14.69% to 30.61), Xinwangda (up 10.14% to 36.60), and Xizang Chengtou (up 10.04% to 12.50) [3][4]. Quantum Technology Stocks - Quantum technology stocks remained active, with Geer Software and Shenzhou Information both hitting their daily limit. Other significant gainers included Fujida (up 19.85% to 40.40) and Guodun Quantum (up 17.22% to 599.00) [5][6]. Declining Stocks - CPO concept stocks faced collective adjustments, with Tianfu Communication dropping over 10% and Xinyi Sheng declining by more than 7%. Other notable decliners included Tengjing Technology (down 11.60% to 117.60) and Tianfu Communication (down 11.56% to 172.02) [6][7]. US-China Trade Developments - Recent US-China trade negotiations yielded several agreements, including the cancellation of a 10% tariff on Chinese goods and a one-year suspension of certain export controls by the US. China will also adjust its countermeasures accordingly [7][8]. Market Reactions - Analysts suggest that the market's reaction indicates a "buy the rumor, sell the fact" strategy, as the outcomes of the negotiations were largely anticipated. This led to profit-taking as investors locked in gains [9][10].