A-Share Close: STAR 50 Index Falls 3.81% as Computing Power Hardware Concept Weakens Across the Board

November 3: According to Cailian Press, the market fluctuated and pulled back, with the Shenzhen Component Index down more than 1%. In the afternoon, ChinaAMC SSE 50 ETF (510050), E Fund ChiNext ETF (159915), Huatai-PineBridge CSI 300 ETF (510300) and ChinaAMC STAR 50 ETF (588000) kept seeing heavy volume, marking the first time since the "924 rally" in 2024 that four broad-based ETFs each topped 10 billion yuan in turnover on the same day. Turnover across the Shanghai and Shenzhen markets reached 1.7 trillion yuan, down 80.3 billion yuan from the previous trading day. More than 3,300 stocks in the market declined.

On the board, the AI comic-drama concept strengthened intraday, with Wentou Holdings up by the limit for a fifth time in six days and Zhewen Pictures, Dasheng Culture and Longban Media each posting a second straight limit-up; in batteries, Zizhu Gaoke rose by the limit for a second consecutive day, while Lopal Tech, Fengyuan Shares and Shangshui Intelligent hit the daily limit; the food and beverage concept was selectively active, with Huangtai Liquor up by the limit for a third straight day and Juneyao Health and Sunshine Dairy hitting the limit-up. On the downside, the computing power hardware concept weakened across the board, with Eoptolink, Zhongji Innolight, Guangku Technology and T&S Communications all falling; the physical AI concept swung lower, with Century Hengtong down by the 20% limit and Huayi Technology and OPT dropping more than 10%. At the close, the Shanghai Composite Index was down 0.82%, the Shenzhen Component Index down 1.21% and the ChiNext Index down 2.73%.