China A-shares closed lower: Shanghai Composite -1.00%, Shenzhen Component
-2.29%, ChiNext -4.37%, STAR 50 -5.53%. Turnover rose to 3.39 tln yuan, up 474.8
bln yuan vs the prior session. Innovative-drug names led gains, with Changshan
Pharmaceutical, Zhongsheng Pharmaceutical, Joinn Laboratories and Shuanglu
Pharmaceutical hitting the 20% daily limit. AI-application names were active;
Skyworth Digital and Huanrui Century hit limit-up. The commercial space sector
rallied after afternoon news, with Hangtian Huanyu, China Satellite and
Zhongtian Rocket among multiple limit-ups. Top sector winners included liquor,
wind-power equipment and passenger cars; laggards included electronic chemicals,
semiconductors, energy metals, components, securities, rare earths, batteries,
advanced packaging and glass substrate plays. More than 3,700 stocks advanced
across the market.
