Market Overview - The market experienced a pullback after an initial rise, with total trading volume reaching approximately 3.2 trillion yuan, an increase of 488 billion yuan compared to the previous day [1] - The CPO, rare earth permanent magnet, and semiconductor sectors showed positive performance, while the apparel, real estate, liquor, innovative pharmaceuticals, and education sectors faced the largest declines [1] - The CSI A500 index fell by 1.4%, the CSI 300 index decreased by 1.5%, the ChiNext index dropped by 0.7%, while the STAR Market 50 index saw a slight increase of 0.1% [1] Index Performance - The CSI 300 index, which consists of 300 large-cap stocks from the Shanghai and Shenzhen markets, recorded a decline of 1.5% with a rolling P/E ratio of 14.1 times [3] - The CSI A500 index, comprising 500 stocks with good liquidity, also fell by 1.4% and has a rolling P/E ratio of 16.5 times [3] - The ChiNext index, representing 100 large-cap stocks in the ChiNext market, decreased by 0.7% [4] - The STAR Market 50 index, which includes 50 large-cap stocks from the STAR Market, has a rolling P/E ratio of 39.2 times [4] Hong Kong Market - The Hang Seng China Enterprises Index, which tracks 50 large-cap and actively traded stocks listed in Hong Kong, declined by 1.4% with a rolling P/E ratio of 10.5 times [6]