On August 28, the three major indexes of A-shares in China opened lower and continued to trend downwards. The Shanghai Composite Index (SHCOMP) fell below 2839 points during the trading session, hitting a new interim low.
Throughout the day, the SHCOMP fluctuated and adjusted. At 10:26 AM, it dropped below 2839 points, marking a new low for the current adjustment phase with a low point of 2830.96.
At the close of trading, the SHCOMP fell by 0.4% to close at 2837.43 points. The Shenzhen Component Index (SZCOMP) dropped by 0.31%, while the ChiNext Index (CHINEXT) rose by 0.05%.
The combined trading volume of the Shanghai and Shenzhen stock markets amounted to 322.6 billion yuan by midday, down by 60 billion yuan compared to the previous trading day.
On August 27, the three major A-share indexes experienced a volatile pullback.
By the end of trading, the Shanghai Composite Index closed at 2848.73 points, down by 0.24%; the Shenzhen Component Index closed at 8103.76 points, down by 1.11%; the ChiNext Index closed at 1530.74 points, down by 0.94%; and the STAR 100 Index closed at 692.27 points, down by 0.84%. Among the Shenwan 1st tier industries, apart from gains in the petroleum and chemical, coal, banking, and pharmaceutical sectors, all others saw declines. Real estate, electronics, and agriculture, forestry, animal husbandry, and fisheries were among the sectors with significant declines, dropping by 3.02%, 2.21%, and 2.02% respectively. Out of 5227 individual stocks, 1053 rose while 4174 fell.
Additionally, on August 28, the Hong Kong stock market experienced a significant decline. The Hang Seng TECH Index plunged by 2%, with Nongfu Spring dropping nearly 12%, Zhongan Online tumbling over 18%, while Li Auto and XPeng Inc. both fell by over 5%. On the other hand, ANTA Sports rose by over 7% after announcing a stock repurchase on the 27th.
In the morning session, the trading of government bond futures showed mixed movements, with the main contract for the 30-year Treasury bond futures falling by 0.05%.