China's A-share indices close lower as more than 5,100 stocks decline

36Kr reports that China's three major stock indices closed in the red: the Shanghai Composite fell 1.59%, the Shenzhen Component Index dropped 2.43%, and the ChiNext index slid 2.92%. The shipping sector led declines, with China Merchants Energy Shipping and COSCO SHIPPING Energy Ocean hitting circuit limits and COSCO SHIPPING Specialized Carriers falling more than 5%. Communication equipment stocks also lagged, with Jiepu Technology and Eoptolink dropping over 7% and YOFC declining more than 6%. The liquor sector led gains, with Huangtai Winery reaching its limit up while Shanxi Fenjiu and Kweichow Moutai rose over 2%. Telecommunications stocks performed well, with China Telecom gaining over 2% and China Mobile up more than 1%. Trading volume on the Shanghai and Shenzhen exchanges reached 1.63 trillion yuan, an increase of 218.6 billion yuan from the previous session.