Chinese Stocks Plunge: ChiNext Index Falls Over 2%, Nearly 4,300 Stocks Decline
Chinese stock markets experienced a broad and severe sell-off on September 24, 2024, with the tech-heavy ChiNext Index falling over 2%. The Shanghai Composite Index dropped 0.99% and the Shenzhen Component Index declined 1.83%. Nearly 4,300 stocks across the Shanghai, Shenzhen, and Beijing exchanges were in negative territory. Sectors including precious metals, real estate, agriculture, and printed circuit boards led the losses. The decline followed a weaker close on September 23.
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China's ChiNext Index Falls Over 2% as Nearly 4,300 Stocks Decline
According to a report from financial media outlet Cailianshe on September 24, Chinese stock indices weakened significantly in afternoon trading. The ChiNext (Growth Enterprise Market) index fell more than 2%, while the Shanghai Composite Index dropped 0.99% and the Shenzhen Component Index declined 1.83%. Sectors including precious metals, real estate, agriculture, and printed circuit boards (PCB) led the losses. Nearly 4,300 stocks across the Shanghai, Shenzhen, and Beijing exchanges were in negative territory, indicating broad-based selling pressure across the Chinese equity market.
Read sourceShanghai Composite Index Falls 1%, Shenzhen and ChiNext Also Decline
Chinese stock markets experienced a broad decline, with the Shanghai Composite Index (上证指数) falling 1%, the Shenzhen Component Index (深证成指) dropping 1.85%, and the ChiNext Index (创业板指) losing 2.02%. The report, sourced from stockstar_stock_live (证券之星-股市直击), provides a snapshot of the market downturn but does not attribute the decline to any specific cause or include forecasts. The data reflects a significant sell-off across major Chinese equity indices, with the tech-heavy ChiNext index suffering the largest percentage loss.
Read sourceChina Stocks Fall at Midday; ChiNext Index Drops 1.84%, Wind Power Equipment Sector Rises
Chinese stock markets opened lower and continued to decline in early trading on September 24, according to a midday report from People's Financial News. By the noon close, the Shanghai Composite Index fell 0.93%, the Shenzhen Component Index dropped 1.74%, and the ChiNext Index declined 1.84%. The reducer concept was active, with Luozhou Shares hitting the 20% daily limit. The wind power equipment sector strengthened, with Jixin Technology hitting the daily limit. Sectors including coal, textiles, and education posted gains. On the downside, PCB concept, CRO concept, precious metals, components, and real estate sectors led the losses. Over 4,300 stocks declined across the market, with half-day trading volume exceeding 1 trillion yuan.
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China's Major Stock Indices Open Lower; Shanghai Composite Falls 0.28%
China's major stock indices opened lower on the trading day, according to a report from East Money News citing Securities Times. The Shanghai Composite Index fell 0.28% to 3,925.32 points, the Shenzhen Component Index dropped 0.45% to 13,575.07 points, and the ChiNext Index declined 0.38% to 3,366.89 points. At the opening bell, 1,235 stocks rose. Among stocks that hit the daily limit-up in the previous session, six continued to rise at the open, including Huamao Co. and Xinhua Media, while several others opened lower, including Hualijia Group, Nanwei Software, and Longtou Co. The report notes that this is news reporting and does not constitute investment advice, reminding investors of stock market risks.
Read sourceChina's Shanghai Composite Index Closes Down 0.39% on September 23
Chinese stock markets closed lower on Wednesday, September 23, according to data from financial information provider Jin10. The Shanghai Composite Index fell 15.61 points, or 0.39%, to close at 3,936.52. The Shenzhen Component Index dropped 87.66 points, or 0.64%, ending at 13,636.07. The CSI 300 Index declined 27.31 points, or 0.6%, to 4,517.28. The ChiNext Index (创业板) lost 20.32 points, or 0.6%, closing at 3,379.61. The STAR 50 Index (科创50) decreased by 4.19 points, or 0.25%, to finish at 1,660.85. The report provides only the closing figures without attribution of specific causes or forecasts.
China's Shanghai Composite Index Opens Down 0.02% at 3,951.37 Points on September 23
On Wednesday, September 23, China's major stock indices showed mixed opening performance. The Shanghai Composite Index opened slightly lower, declining 0.76 points or 0.02% to 3,951.37 points. In contrast, the Shenzhen Component Index opened higher, gaining 18.81 points or 0.14% to 13,742.55 points. The CSI 300 Index opened up 3.02 points or 0.07% at 4,547.61 points. The ChiNext Index rose 12.6 points or 0.37% to open at 3,412.53 points. The STAR 50 Index advanced 6.73 points or 0.4% to 1,671.77 points. The data, reported by financial information provider Jin10, reflects the initial market sentiment at the opening bell for Chinese equities on that trading day.
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