Titanium Media App reported on April 25 that the broader market opened lower and moved lower throughout the day. All three major indexes fell by more than 5%. The Shanghai Composite Index closed below 3,000 points, hitting a new low since mid-June 2020. On the disk, almost all sectors fell across the board, and the cyclical and digital economy-related sectors collectively fell sharply. In addition, many heavyweight stocks fell sharply. China Merchants Bank , Xinhua Insurance , Wuliangye, Ningde Times , and Longji shares all fell by more than 5%. In general, individual stocks fell more and rose less. There were less than 200 stocks in the two cities, nearly 1,000 stocks fell by the limit or more than 10%, and more than 1,800 stocks fell by more than 9%. The trading volume of Shanghai and Shenzhen stock exchanges was 896.9 billion today, which was 143.6 billion more than the previous trading day. In terms of sectors, the decline in banking, securities and other sectors was relatively small. Internet e-commerce, digital currency, cloud games, rare earths, photoresist and other sectors were among the top decliners. As of the close, the Shanghai Composite Index fell 5.13%, the Shenzhen Component Index fell 6.08%, and the ChiNext Index fell 5.56%.
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