Core Points - The Asian stock markets showed weak performance in early trading due to a sharp decline in expectations for a Federal Reserve interest rate cut and a significant drop in US stocks overnight [1] - All three major A-share indices fell collectively, with the Shanghai Composite Index down 1.88% to 3857.24 points, the Shenzhen Component Index down 2.72%, and the ChiNext Index down 3.18% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 13.174 billion yuan, an increase of 2.004 billion yuan compared to the previous day, with over 4,900 stocks declining across the market [1] Sector Performance - Sectors such as lithium mining, batteries, non-ferrous metals, and photovoltaic equipment experienced significant pullbacks [1] - Conversely, sectors related to China Shipbuilding and agriculture and forestry showed gains despite the overall market downturn [1]

Core Viewpoint - The A-share market experienced a decline, with major indices such as the Shanghai Composite Index and the ChiNext Index falling over 1% as of the report time [1] Group 1: Market Performance - The Shanghai Composite Index and the ChiNext Index both dropped more than 1% [1] - The Shenzhen Component Index decreased by 0.92% [1] Group 2: Sector Performance - The financial sector, precious metals, and leisure goods sectors were among the hardest hit, showing significant declines [1]

Group 1 - The A-share major indices continued to decline, with the Shanghai Composite Index and Shenzhen Component Index both dropping over 1%, while the ChiNext Index fell by 1.5% and the STAR Market 50 Index decreased by nearly 3% [1] - Sectors such as CPO, banking, military industry, and semiconductors experienced significant declines, contributing to the overall market downturn [1] - Nearly 1,700 stocks in the Shanghai, Shenzhen, and Beijing markets saw declines [1]