China's A-share indices close lower as computing hardware stocks decline

36Kr reports that China's three major stock indices closed in the red, with the Shanghai Composite down 1.1%, the Shenzhen Component Index down 2.57%, and the ChiNext Index down 3.96%. Computing hardware, biotechnology, and precious metals sectors led the declines, with Cambridge Technology hitting its circuit breaker limit and Kanglong Huacheng falling more than 8%, while Zijin Mining dropped over 4%. Conversely, telecom, power, and banking stocks posted gains, with Li New Energy reaching its limit up, China Telecom rising more than 4%, and China Construction Bank up over 2%.