A-Share Close: ChiNext Index Falls Nearly 4%, Shanghai-Shenzhen Turnover Shrinks Over 460 Billion Yuan

November 6 — According to Cailian Press, the market opened sharply lower and then moved weakly in a narrow range, with the ChiNext Index down nearly 4% and the STAR 50 Index paring gains after rising. Combined turnover in Shanghai and Shenzhen was 1.66 trillion yuan, a contraction of 460.2 billion yuan from the previous trading day. More than 4,700 stocks across the market declined. Thematic plays rotated weakly: AI animated-drama stock Zhewen Pictures extended to five consecutive limit-ups, while City Media and Shanghai Film hit limit-up; in agriculture, Wanxiang DeNong posted its second limit-up in three days, Xinsai Shares hit limit-up and Qiule Seed Industry gained more than 10%; the power sector strengthened intraday, with Xinneng Shares, Lixin Energy and Dongfang Xinneng hitting limit-up; photovoltaic concept stocks stayed repeatedly active, with Yongzhen Shares sealing a fourth straight limit-up while Richu Dongfang and Ancai Hi-tech hit limit-up; banks rallied against the trend, with Shanghai Rural Commercial Bank up more than 4%. On the downside, computing-power hardware stocks led the declines: Cambridge Technology and Aohong Electronics hit limit-down, while Foxconn Industrial Internet, Shengyi Technology and others fell sharply. At the close, the Shanghai Composite Index was down 1.1%, the Shenzhen Component Index down 2.57% and the ChiNext Index down 3.96%.