China A-shares plunge 1.74% as US-China tariff deal and PBOC liquidity fail to stem selloff
On September 28, China's A-share markets fell sharply, with the Shanghai Composite Index dropping 1.74% to 3820.82 points by midday. Nearly 4,800 stocks declined, with half-day turnover reaching 1.17 trillion yuan. The PBOC injected liquidity through multiple reverse repo operations. The Ministry of Commerce announced a reciprocal tariff reduction framework with the US, each side cutting tariffs on approximately $30 billion of imports. The National Bureau of Statistics reported industrial firms' unit costs fell 0.41 yuan to 85.07 yuan per 100 yuan revenue, with profit margins rising to 5.66%.
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China A-shares fall sharply; Shanghai Composite down 1.74% at midday
Chinese A-share markets opened lower and continued to decline on September 28, with the Shanghai Composite Index falling 1.74% to 3820.82 points at midday. The Shenzhen Component Index dropped 3.37%, the ChiNext Index fell 4.32%, and the STAR 50 declined 4%. Nearly 4,800 stocks fell, with total half-day turnover reaching 1.17 trillion yuan. The People's Bank of China conducted 1,390 billion yuan of 7-day reverse repos at 1.40% and 6,610 billion yuan of overnight reverse repos, plus 300 billion yuan of 14-day reverse repos. The Ministry of Commerce announced a China-US trade framework for reciprocal tariff reductions on approximately $30 billion of goods each way, covering toys, appliances, and agricultural products. National Bureau of Statistics data showed industrial firms' unit costs fell 0.41 yuan to 85.07 yuan per 100 yuan revenue in January-August 2026, with profit margins rising 0.44 percentage points to 5.66%. Commercial vehicles, autos, small appliances, and medical aesthetics stocks rose, while CPO, 5G, and fiber optic concepts led declines. Analysts forecast home appliance domestic sales to recover in the second half of 2026 as base effects ease, with specific stock analysis provided for Joyoung, Bear Electric, Vanward, and北鼎股份.
Read sourceChina A-shares fall sharply; Shanghai Composite drops 1.74% at midday
On September 28, China's A-share markets opened lower and continued to decline, with the Shanghai Composite Index falling 1.74% to 3820.82 points by midday. The Shenzhen Component Index dropped 3.37%, the ChiNext Index fell 4.32%, and the STAR 50 Index lost 4%. Nearly 4,800 stocks declined, with total half-day turnover reaching 1.17 trillion yuan. The People's Bank of China conducted 1,390 billion yuan of 7-day reverse repos at 1.40%, 6,610 billion yuan of overnight reverse repos, and 3,000 billion yuan of 14-day reverse repos. The Ministry of Commerce announced a framework for reciprocal tariff reductions between China and the US, with each side reducing tariffs on approximately $30 billion of imports from the other. The National Bureau of Statistics reported that industrial enterprises' unit costs continued to decline, with revenue profit margin at 5.66% for January-August 2026. Commercial vehicles, auto OEMs, small appliances, and medical aesthetics saw selective gains, while CPO, 5G, fiber optic, and copper cable high-speed connection concepts led the decline. The article also provides analysis on the home appliance sector and specific companies including Joyoung, Bear Electric, Vanward, and Northking.
Read sourceChina Stocks Fall as Shanghai Index Drops 1.74% at Midday; Trade Deal Announced
On September 28, A-share markets opened lower and continued to decline, with the Shanghai Composite Index falling 1.74% to 3820.82 points by midday. The Shenzhen Component Index dropped 3.37%, the ChiNext Index fell 4.32%, and the STAR 50 declined 4%. Nearly 4,800 stocks fell, with total half-day turnover reaching 1.17 trillion yuan. The People's Bank of China conducted 1,390 billion yuan in 7-day reverse repos at 1.40%, 6,610 billion yuan in overnight reverse repos, and 3,000 billion yuan in 14-day reverse repos. The Ministry of Commerce announced a reciprocal tariff reduction framework with the U.S., where each side will lower tariffs on approximately $30 billion of imports from the other, covering toys, appliances, agricultural goods, and medical devices. The National Bureau of Statistics reported that industrial enterprises' unit costs continued to decline, with cost per 100 yuan of revenue at 85.07 yuan, down 0.41 yuan year-on-year, and the profit margin at 5.66%, up 0.44 percentage points. Sectors such as commercial vehicles, auto manufacturing, small appliances, and medical aesthetics saw selective gains, while CPO, 5G, fiber optic, and copper cable concepts led declines. The article also provides analysis on the home appliance sector and profiles four companies: Joyoung, Bear Electric, Vanward, and Northking.
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China A-shares Fall Sharply; Shanghai Index Down 1.74% at Midday, Nearly 4,800 Stocks Decline
On September 28, China's A-share markets opened lower and continued to fall, with the Shanghai Composite Index dropping 1.74% to 3,820.82 points by midday. The Shenzhen Component Index fell 3.37%, the ChiNext Index lost 4.32%, and the STAR 50 declined 4%. Total half-day turnover reached 1.17 trillion yuan, with nearly 4,800 stocks declining. The People's Bank of China conducted 139 billion yuan in 7-day reverse repos at 1.40%, 661 billion yuan in overnight reverse repos, and 300 billion yuan in 14-day reverse repos via multiple-price bidding. The Ministry of Commerce announced a framework for reciprocal tariff reductions between China and the US, with each side reducing tariffs on approximately $30 billion of imports from the other. The National Bureau of Statistics reported that industrial enterprises' unit costs continued to decline, with cost per 100 yuan of revenue at 85.07 yuan, down 0.41 yuan year-on-year, and the revenue profit margin at 5.66%, up 0.44 percentage points. Commercial vehicles, auto OEMs, small appliances, and medical aesthetics saw selective gains, while CPO, 5G, fiber optic, and copper cable high-speed connection concepts led the decline. The article also provides analysis on the home appliance sector and profiles four companies: Joyoung, Bear Electric, Vanward, and Northking.
Read sourceChina A-shares Fall Sharply; Shanghai Index Down 1.74% at Midday, Nearly 4,800 Stocks Decline
On September 28, China's A-share markets opened lower and continued to fall, with the Shanghai Composite Index dropping 1.74% to 3,820.82 points by midday. The Shenzhen Component Index fell 3.37%, the ChiNext Index lost 4.32%, and the STAR 50 declined 4%. Total half-day turnover reached 1.17 trillion yuan, with nearly 4,800 stocks declining. The People's Bank of China conducted 1,390 billion yuan of 7-day reverse repos at 1.40%, 6,610 billion yuan of overnight reverse repos, and 3,000 billion yuan of 14-day reverse repos. The Ministry of Commerce announced a framework for reciprocal tariff reductions with the US, covering approximately $30 billion of imports from each side. The National Bureau of Statistics reported that industrial enterprises' unit costs continued to decline, with revenue profit margin at 5.66% for January-August 2026. Sector-wise, commercial vehicles, auto OEMs, small appliances, and medical aesthetics saw selective gains, while CPO, 5G, fiber optic, and copper cable high-speed connection concepts led the decline. The article also provides analysis on the home appliance sector and individual stocks including Joyoung, Bear Electric, Vanward, and Northking.
Read sourceChina Stocks Fall as Shanghai Index Drops 1.74% on Broad Market Weakness
Chinese A-share markets opened lower and continued to decline on September 28, with the Shanghai Composite Index falling 1.74% to 3820.82 points by midday. The Shenzhen Component Index dropped 3.37%, the ChiNext Index fell 4.32%, and the STAR 50 declined 4%. Nearly 4,800 stocks declined, with total half-day turnover reaching 1.17 trillion yuan. The People's Bank of China conducted multiple open market operations, including 139 billion yuan in 7-day reverse repos at 1.40% and 661 billion yuan in overnight reverse repos. The Ministry of Commerce announced a reciprocal tariff reduction framework with the U.S., with each side reducing tariffs on approximately $30 billion of imports from the other. The National Bureau of Statistics reported that industrial enterprises' unit costs continued to decline, with cost per 100 yuan of revenue at 85.07 yuan, down 0.41 yuan year-on-year. Sector performance was mixed, with commercial vehicles, auto manufacturing, small appliances, and medical aesthetics seeing gains, while CPO, 5G, fiber optic, and copper cable high-speed connection concepts led declines. The article also provides analysis on the home appliance sector and profiles four companies: Joyoung, Bear Electric, Vanward, and Northking.
Read sourceChina Stocks Fall as Shanghai Index Drops 1.74% at Midday
On September 28, China's A-share markets opened lower and continued to decline, with the Shanghai Composite Index falling 1.74% to 3820.82 points by midday. The Shenzhen Component Index dropped 3.37%, the ChiNext Index fell 4.32%, and the STAR 50 Index lost 4%. Nearly 4,800 stocks declined, with a half-day turnover of 1.17 trillion yuan. The People's Bank of China conducted 1390 billion yuan of 7-day reverse repos at a 1.40% rate, 6610 billion yuan of overnight reverse repos, and 3000 billion yuan of 14-day reverse repos. The Ministry of Commerce announced a reciprocal tariff reduction framework with the US, with each side reducing tariffs on approximately $30 billion of imports. The National Bureau of Statistics reported that industrial enterprises' unit costs continued to decline, with revenue per 100 yuan of operating income at 85.07 yuan, down 0.41 yuan year-on-year. Sector performance was mixed, with commercial vehicles, auto manufacturing, small appliances, and medical aesthetics seeing gains, while CPO, 5G, fiber optics, and copper cable concepts led declines. The article also provides analysis on the home appliance sector and profiles companies including Joyoung, Bear Electric, Vanward, and Northking.
China Stocks Fall as Shanghai Index Drops 1.74% Amid Trade and Economic Data
On September 28, China's A-share markets opened lower and continued to decline, with the Shanghai Composite Index falling 1.74% to 3820.82 points by midday. The Shenzhen Component Index dropped 3.37%, the ChiNext Index fell 4.32%, and the STAR 50 declined 4%. Nearly 4,800 stocks fell, with total half-day turnover reaching 1.17 trillion yuan. The People's Bank of China conducted 1,390 billion yuan of 7-day reverse repos at 1.40%, 6,610 billion yuan of overnight reverse repos, and 3,000 billion yuan of 14-day reverse repos. The Ministry of Commerce announced a framework for reciprocal tariff reductions with the US, covering approximately $30 billion of imports from each side. The National Bureau of Statistics reported that industrial enterprises' unit costs continued to decline, with the cost per 100 yuan of revenue at 85.07 yuan, down 0.41 yuan year-on-year, and the profit margin at 5.66%, up 0.44 percentage points. Sectors like commercial vehicles, auto manufacturing, small appliances, and medical aesthetics saw selective gains, while CPO, 5G, fiber optics, and copper cable high-speed connection concepts led the decline. The article also provides analysis on the home appliance sector and profiles companies including Joyoung, Bear Electric, Vanward, and北鼎股份 (Northland), noting challenges and strategic adjustments.
China A-shares Fall Sharply; Shanghai Index Down 1.74% at Midday, Nearly 4,800 Stocks Decline
On September 28, China's A-share markets opened lower and continued to decline, with the Shanghai Composite Index falling 1.74% to 3,820.82 points by midday. The Shenzhen Component Index dropped 3.37%, the ChiNext Index fell 4.32%, and the STAR 50 Index lost 4%. Total half-day turnover reached 1.17 trillion yuan, with nearly 4,800 stocks declining. The People's Bank of China conducted 1,390 billion yuan of 7-day reverse repos at 1.40% and 6,610 billion yuan of overnight reverse repos, plus 300 billion yuan of 14-day reverse repos. The Ministry of Commerce announced a framework for reciprocal tariff reductions between China and the US, with each side reducing tariffs on approximately $30 billion of imports from the other. The National Bureau of Statistics reported that industrial enterprises' unit costs continued to decline, with cost per 100 yuan of revenue at 85.07 yuan, down 0.41 yuan year-on-year. Sector-wise, commercial vehicles, auto OEMs, small appliances, and medical aesthetics saw selective gains, while CPO, 5G, fiber optic, and copper cable high-speed connection concepts underperformed. The article also provides analysis on the home appliance sector and specific stocks including Joyoung, Bear Electric, Vanward, and北鼎股份.
Read sourceChina A-shares Fall Sharply; Shanghai Index Down 1.74% at Midday
On September 28, China's A-share markets opened lower and continued to decline, with the Shanghai Composite Index falling 1.74% to 3820.82 points by midday. The Shenzhen Component Index dropped 3.37%, the ChiNext Index fell 4.32%, and the STAR 50 Index lost 4%. Nearly 4,800 stocks declined, with total half-day turnover reaching 1.17 trillion yuan. The People's Bank of China conducted 1,390 billion yuan in 7-day reverse repos at a 1.40% rate, 6,610 billion yuan in overnight reverse repos, and 3,000 billion yuan in 14-day reverse repos. The Ministry of Commerce announced a framework for reciprocal tariff reductions between China and the US, with each side reducing tariffs on approximately $30 billion of the other's goods. The National Bureau of Statistics reported that industrial enterprises' unit costs continued to decline, with the cost per 100 yuan of revenue at 85.07 yuan, down 0.41 yuan year-on-year. Sector-wise, commercial vehicles, auto OEMs, small appliances, and medical aesthetics saw selective gains, while CPO, 5G, fiber optic, and copper cable high-speed connection concepts led the declines. The article also provides analysis on the home appliance sector and profiles four companies: Joyoung, Bear Electric, Vanward, and Northking.
Read sourceChina A-shares open lower, Shanghai Composite falls 1.74% at midday; trade tariff cuts announced
On September 28, China's A-share market opened lower and continued to decline, with the Shanghai Composite Index falling 1.74% to 3820.82 points by midday. The Shenzhen Component Index dropped 3.37%, the ChiNext Index fell 4.32%, and the STAR 50 Index lost 4%. Nearly 4,800 stocks declined, with total half-day turnover reaching 1.17 trillion yuan. The People's Bank of China conducted multiple reverse repo operations, including 139 billion yuan of 7-day repos at 1.40% and 661 billion yuan of overnight repos, plus 300 billion yuan of 14-day repos. The Ministry of Commerce announced a China-US trade framework for reciprocal tariff reductions, with each side reducing tariffs on approximately $30 billion of imports from the other. The US list includes toys, home appliances, and baby products; China's list includes agricultural goods, medical devices, and coal. The National Bureau of Statistics reported that industrial enterprises' unit costs continued to decline, with cost per 100 yuan of revenue at 85.07 yuan, down 0.41 yuan year-on-year. Sector-wise, commercial vehicles, auto OEMs, small appliances, and medical aesthetics saw selective gains, while CPO, 5G, fiber optic, and copper cable high-speed connection concepts led declines. The article also provides analysis on the home appliance sector and individual stocks including Joyoung, Bear Electric, Vanward, and Northking.
Read sourceChina Stocks Fall as Shanghai Index Drops 1.74% Amid Broad Market Decline
On September 28, China's A-share markets opened lower and continued to decline, with the Shanghai Composite Index falling 1.74% to 3820.82 points by midday. The Shenzhen Component Index dropped 3.37%, the ChiNext Index fell 4.32%, and the STAR 50 declined 4%. Nearly 4,800 stocks fell, with total half-day turnover reaching 1.17 trillion yuan. The People's Bank of China conducted multiple reverse repo operations, including 139 billion yuan in 7-day repos at 1.40% and 661 billion yuan in overnight repos, plus 300 billion yuan in 14-day repos. The Ministry of Commerce announced a reciprocal tariff reduction framework with the US, covering approximately $30 billion of imports from each country. The National Bureau of Statistics reported that industrial enterprises' unit costs continued to decline, with cost per 100 yuan of revenue at 85.07 yuan, down 0.41 yuan year-on-year. Sector performance was mixed, with commercial vehicles, auto manufacturing, small appliances, and medical aesthetics seeing gains, while CPO concepts, 5G, fiber optics, and copper cable high-speed connections led declines. The article includes analysis of the home appliance sector, noting high bases in 2025 and expectations for recovery in the second half of 2026, with specific company outlooks for Joyoung, Bear Electric, Vanward, and北鼎股份.
Read sourceChina A-shares open lower, Shanghai Composite falls 1.74% at midday; PBOC injects liquidity
On September 28, China's A-share markets opened lower and continued to decline, with the Shanghai Composite Index falling 1.74% to 3820.82 points, the Shenzhen Component Index dropping 3.37%, and the ChiNext Index losing 4.32% by midday. Nearly 4,800 stocks fell, with total half-day turnover reaching 1.17 trillion yuan. The People's Bank of China conducted multiple reverse repo operations, including 139 billion yuan of 7-day repos at 1.40%, 661 billion yuan of overnight repos, and 300 billion yuan of 14-day repos via a multiple-price auction. On the trade front, China's Ministry of Commerce announced a framework for reciprocal tariff reductions with the US, with each side reducing tariffs on approximately $30 billion of imports from the other. The National Bureau of Statistics reported that industrial firms' unit costs continued to decline, with cost per 100 yuan of revenue at 85.07 yuan, down 0.41 yuan year-on-year, and the profit margin at 5.66%, up 0.44 percentage points. Sector-wise, commercial vehicles, auto OEMs, small appliances, and medical aesthetics saw selective gains, while CPO, 5G, fiber optic, and copper cable high-speed connection concepts led the decline. The article also provides analysis on the home appliance sector and profiles four listed companies: Joyoung, Bear Electric, Vanward, and Northking.
Read sourceChina Stocks Fall Sharply; Shanghai Index Down 1.74% at Midday
Chinese A-share markets opened lower and continued to decline on September 28, with the Shanghai Composite Index falling 1.74% to 3820.82 points by midday. The Shenzhen Component Index dropped 3.37%, the ChiNext Index fell 4.32%, and the STAR 50 declined 4%. Nearly 4,800 stocks fell, with total half-day turnover reaching 1.17 trillion yuan. The People's Bank of China conducted 1,390 billion yuan in 7-day reverse repos at 1.40% and 6,610 billion yuan in overnight reverse repos, plus 3,000 billion yuan in 14-day reverse repos. The Ministry of Commerce announced a reciprocal tariff reduction framework with the U.S., covering approximately $30 billion of imports from each country. U.S. tariff cuts will apply to toys, appliances, and baby products; Chinese cuts will apply to agricultural goods, medical devices, and coal. National Bureau of Statistics data showed industrial firms' unit costs fell 0.41 yuan to 85.07 yuan per 100 yuan of revenue in January-August, while the profit margin rose 0.44 percentage points to 5.66%. Commercial vehicles, auto OEMs, small appliances, and medical aesthetics stocks rose, while CPO, 5G, fiber optic, and copper cable sectors led declines. The article includes analysis of the home appliance sector and profiles of four appliance stocks: Joyoung, Bear Electric, Vanward, and Northking.
Read sourceChina A-Shares Fall Sharply; Shanghai Index Down 1.74% at Midday
On September 28, China's A-share markets opened lower and continued to decline, with the Shanghai Composite Index falling 1.74% to 3820.82 points by midday. The Shenzhen Component Index dropped 3.37%, the ChiNext Index fell 4.32%, and the STAR 50 declined 4%. Nearly 4,800 stocks fell, with total half-day turnover reaching 1.17 trillion yuan. The People's Bank of China conducted 1,390 billion yuan in 7-day reverse repos at 1.40% and 6,610 billion yuan in overnight reverse repos, along with 3,000 billion yuan in 14-day reverse repos. The Ministry of Commerce announced a framework for reciprocal tariff reductions with the US, with each side reducing tariffs on approximately $30 billion of imports from the other. The National Bureau of Statistics reported that industrial enterprises' unit costs continued to decline, with cost per 100 yuan of revenue at 85.07 yuan, down 0.41 yuan year-on-year. Sector-wise, commercial vehicles, auto manufacturing, small appliances, and medical aesthetics saw gains, while CPO, 5G, fiber optic, and copper cable high-speed connection concepts led declines. The article also provides analysis on the home appliance sector and profiles four companies: Joyoung, Bear Electric, Vanward, and Northking.
Read sourceChina Stocks Fall as Shanghai Index Drops 1.74% on Broad Market Weakness
On September 28, Chinese A-share markets opened lower and continued to decline, with the Shanghai Composite Index falling 1.74% to 3820.82 points by midday. The Shenzhen Component Index dropped 3.37%, the ChiNext Index fell 4.32%, and the STAR 50 declined 4%. Nearly 4,800 stocks fell, with total half-day turnover reaching 1.17 trillion yuan. The People's Bank of China conducted multiple reverse repo operations, including 139 billion yuan of 7-day repos at 1.40% and 661 billion yuan of overnight repos, alongside 300 billion yuan of 14-day repos. The Ministry of Commerce announced a reciprocal tariff reduction framework with the U.S., covering approximately $30 billion of imports from each country. The National Bureau of Statistics reported that industrial firms' unit costs continued to decline, with cost per 100 yuan of revenue at 85.07 yuan, down 0.41 yuan year-on-year, and the profit margin at 5.66%, up 0.44 percentage points. Commercial vehicles, auto OEMs, small appliances, and medical aesthetics saw selective gains, while CPO, 5G, fiber optic, and copper cable high-speed connection concepts led declines. Analysts forecast that home appliance retail sales will remain under pressure in the first half of 2026 due to high base effects, but may recover in the second half as comparison bases ease. Specific stock mentions include Joyoung, Bear Electric, Vanward Electric, and Northking, with analysts noting product innovation, overseas expansion, and premium brand strategies as key drivers.
Read sourceChina A-shares fall sharply; Shanghai index down 1.74% at midday, nearly 4,800 stocks decline
On September 28, China's A-share market opened lower and continued to fall, with the Shanghai Composite Index dropping 1.74% to 3,820.82 points by midday. The Shenzhen Component Index fell 3.37%, the ChiNext Index dropped 4.32%, and the STAR 50 fell 4%. Nearly 4,800 stocks declined, with total half-day turnover reaching 1.17 trillion yuan. The People's Bank of China conducted 1,390 billion yuan of 7-day reverse repos at 1.40%, 6,610 billion yuan of overnight reverse repos, and 3,000 billion yuan of 14-day reverse repos. The Ministry of Commerce announced a China-US trade framework for reciprocal tariff reductions on approximately $30 billion of goods each way, covering toys, appliances, agricultural products, and medical devices. National Bureau of Statistics data showed industrial firms' unit costs fell 0.41 yuan to 85.07 yuan per 100 yuan revenue in January-August 2026, while profit margin rose 0.44 percentage points to 5.66%. Commercial vehicles, autos, small appliances, and medical aesthetics stocks rose, while CPO, 5G, fiber optic, and copper cable concepts led declines. The article also provides analysis on the home appliance sector and profiles four companies: Joyoung, Bear Electric, Vanward, and Northking.
Read sourceChina A-shares Fall Sharply; Shanghai Index Down 1.74% at Midday
On September 28, China's A-share markets opened lower and continued to decline, with the Shanghai Composite Index falling 1.74% to 3820.82 points by midday. The Shenzhen Component Index dropped 3.37%, the ChiNext Index fell 4.32%, and the STAR 50 declined 4%. Nearly 4,800 stocks fell, with total half-day turnover reaching 1.17 trillion yuan. The People's Bank of China conducted 1,390 billion yuan of 7-day reverse repos at 1.40% rate, 6,610 billion yuan of overnight reverse repos, and 3,000 billion yuan of 14-day reverse repos via multiple-price bidding. The Ministry of Commerce announced a China-US trade framework for reciprocal tariff reductions on approximately $30 billion of goods each way, covering toys, appliances, and agricultural products. National Bureau of Statistics data showed industrial firms' unit costs fell 0.41 yuan to 85.07 yuan per 100 yuan revenue in January-August 2026, with profit margin rising 0.44 percentage points to 5.66%. Commercial vehicles, auto OEMs, small appliances, and medical aesthetics stocks rose, while CPO, 5G, fiber optic, and copper cable concepts led declines. The article includes forecasts for the home appliance sector in 2026 and analysis of individual companies including Joyoung, Bear Electric, Vanward, and Northking.
Read sourceChina A-Share Indices Fall, Shanghai Composite Down 1.74% at Midday
On September 28, China's A-share market opened lower and continued to decline, with the Shanghai Composite Index falling 1.74% to 3820.82 points by midday. The Shenzhen Component Index dropped 3.37%, the ChiNext Index fell 4.32%, and the STAR 50 Index lost 4%. Nearly 4,800 stocks declined, with total half-day turnover reaching 1.17 trillion yuan. The People's Bank of China conducted 139 billion yuan in 7-day reverse repos at a 1.40% rate, 661 billion yuan in overnight reverse repos, and 300 billion yuan in 14-day reverse repos. On the trade front, the Ministry of Commerce announced a framework for reciprocal tariff reductions between China and the US, with each side reducing tariffs on approximately $30 billion of the other's goods. The National Bureau of Statistics reported that industrial enterprises' unit costs continued to decline, with the cost per 100 yuan of revenue at 85.07 yuan, down 0.41 yuan year-on-year. Sector-wise, commercial vehicles, auto OEMs, small appliances, and medical aesthetics saw some gains, while CPO, 5G, fiber optic, and copper cable high-speed connection concepts led the declines. The article also provides analysis on the home appliance sector and specific companies including Joyoung, Bear Electric, Vanward, and北鼎股份 (Northland), noting expectations for a recovery in domestic appliance sales in the second half of 2026 as comparison bases ease.
Read sourceChina A-Shares Fall as Shanghai Index Drops 1.74% at Midday; Trade and Data in Focus
On September 28, China's A-share markets opened lower and continued to decline, with the Shanghai Composite Index falling 1.74% to 3820.82 points by midday. The Shenzhen Component Index dropped 3.37%, the ChiNext Index fell 4.32%, and the STAR 50 declined 4%. Nearly 4,800 stocks fell, with total half-day turnover reaching 1.17 trillion yuan. The People's Bank of China conducted 1,390 billion yuan in 7-day reverse repos at 1.40%, 6,610 billion yuan in overnight reverse repos, and 3,000 billion yuan in 14-day reverse repos. The Ministry of Commerce announced a framework for reciprocal tariff reductions with the US, with each side reducing tariffs on approximately $30 billion of imports from the other. The National Bureau of Statistics reported that industrial enterprises' unit costs continued to decline, with revenue per 100 yuan of operating income at 85.07 yuan, down 0.41 yuan year-on-year. Sector-wise, commercial vehicles, auto OEMs, small home appliances, and medical aesthetics saw selective gains, while CPO, 5G, fiber optic, and copper cable high-speed connection concepts led the declines. The article also provides analysis on the home appliance sector and individual stocks including Joyoung, Bear Electric, Vanward, and Northking.
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