China's A-share indices fall at midday break; more than 5,000 stocks decline across the market

36Kr reports that China's three major A-share indices collectively dropped during the midday break: the Shanghai Composite fell 1.98%, the Shenzhen Component Index dropped 2.78%, and the ChiNext index declined 3.42%. The shipping, energy equipment, and communication equipment sectors led the decline, with COSCO SHIPPING Energy Shipping hitting a circuit breaker limit, Shandong Molong and Cambridge Innovation Technology falling more than 6%, and YOFC dropping over 5%. Baijiu stocks strengthened, with Huangtai Winery reaching a circuit breaker limit and Jinzhizi Wine rising more than 6%. Changxin Memory Technologies briefly fell more than 5% in the morning session before its total market value dropped below 3 trillion yuan; ICBC's total market value surpassed that of Changxin Memory Technologies to become the largest by market cap on the A-share market. More than 5,000 stocks across the entire market declined.