On the eve of the September 3rd military parade of the Chinese Communist Party, the A-shares fell across the board, with the three major indexes collectively declining and the ChiNext Index dropping over 3%. AI hardware stocks such as CPO and PCB also experienced widespread declines.
On September 2nd, the three major A-share indexes opened low and continued to decline in the morning, rebounded in the afternoon but then fluctuated downward again. By the closing bell, the Shanghai Composite Index fell by 0.45% to 3,858.13 points, the Shenzhen Component Index dropped by 2.14% to 12,553.84 points, the ChiNext Index fell by 2.85% to 2,872.22 points, and the STAR 50 Index declined by 2.13% to 1,328.28 points.
Out of 5,315 stocks in the market, 1,259 stocks saw gains while 4,056 stocks recorded declines. Stocks that fell accounted for over 80% of the total, with a median change of -1.44%, and over 500 stocks experienced declines exceeding 5%.
The total trading volume in Shanghai and Shenzhen was about 2.8749 trillion yuan, an increase of approximately 125.031 billion yuan compared to the previous trading day. Domestic capital saw a net outflow of 172 billion yuan in a single day, with increased fluctuations in northbound funds.
In terms of individual stocks, among the CPO concept stocks, companies like Dekeli, Shengke Communication, Ruijie Networks, Taichenguang, and Tianfu Communication dropped by over 10%. In the PCB sector, Xingsen Technology, Jingwang Electronics, and Shennan Circuits hit the limit down. The telecommunications equipment sector also saw declines, with stocks like Shenzhen Sangda A hitting the limit down. The 5G concept declined with companies like Xingwang Ruijie dropping by the limit. Companies in the copper cable high-speed connection segment weakened, with Dongtong Technology falling by over 13%. Leading the gains were the banking sector, with Yunong Commercial Bank leading the pack. Sectors like jewelry, industrial machinery, and precious metals also saw significant increases.
Meanwhile, in Hong Kong, the stock market fluctuated downward throughout the day, with the Hang Seng Index and the Hang Seng Technology Index both trending lower, and large tech stocks retreating. Sectors such as chip semiconductors and Apple concepts experienced collective declines. By the close of trading, the Hang Seng Index fell by 0.47% and the Hang Seng Technology Index fell by 1.22%.