Market Performance - The Shanghai Composite Index fell by 0.97%, closing below the 4000-point mark after briefly turning positive during the day, marking a new 10-year high [1] - The ChiNext Index dropped by 2.82%, indicating a significant decline in the growth sector [1] Sector Performance - The computing and semiconductor industry chain led the decline, with storage chips, HBM, CPO, and advanced packaging showing the largest drops [1] - The chemical and non-ferrous metal sectors also experienced a pullback [1] - Conversely, the oil and gas sector showed resilience, with oil and gas ETFs from Bosera, Huatai-PineBridge, and Yinhua rising by 2%, 1.68%, and 1.48% respectively [1] - The new energy sector on the Sci-Tech Innovation Board rose against the trend, with ETFs from Fortune and E Fund both increasing by 1% [1] ETF Performance - The technology sector faced widespread declines, with the Hang Seng Internet ETF and the Guotai AI ETF falling by 3.66% and 3.64% respectively [1] - The semiconductor sector was particularly weak, with the China-Korea Semiconductor ETF and the Chip ETF dropping by 4.45% and 3.55% respectively [1]

Market Overview - The A-share market experienced a collective decline, with the Shanghai Composite Index falling by 1.25%, the Shenzhen Component Index dropping by 2.83%, and the ChiNext Index decreasing by 4.25% [1] - The total trading volume across the Shanghai, Shenzhen, and Beijing markets reached 25,819 billion yuan, an increase of 1,862 billion yuan compared to the previous day [1] Sector Performance - Consumer sectors such as dairy, retail, and beauty showed positive performance, leading the gains [1] - Conversely, sectors including computing hardware, rare earth permanent magnets, and military industry faced significant declines [1] ETF Activity - In the ETF market, certain sectors performed well despite the overall market downturn, with the Huabao Fund Green Energy ETF and the Fortune Fund Sci-Tech Innovation Board New Energy ETF rising by 3.46% and 3.03%, respectively [4] - Cross-border ETFs saw a rally, with the ICBC Credit Suisse Fund Nikkei ETF, Huaxia Fund Nikkei ETF, and Invesco Great Wall Fund NASDAQ Technology ETF increasing by 2.65%, 2.42%, and 2.25% respectively [4] - The tourism sector also saw gains, with the Huaxia Fund Tourism ETF rising by 1.41% [4] - The AI hardware sector faced significant losses, with several ETFs related to artificial intelligence dropping over 9% [4] - The chip sector also weakened, with the Sci-Tech Chip 50 ETF and the Sci-Tech Chip ETF from Southern Asset Management declining by 8.63% and 8.2% respectively [4]