China's A-share indices close lower, with over 4,300 stocks in the red

36Kr reports that China's three major stock indices closed lower: the Shanghai Composite fell 0.43%, the Shenzhen Component Index dropped 2.03%, and the ChiNext index declined 2.61%. The communication equipment sector led the decline, with Cambridge Technology down more than 8%, while Changfeng Fiber Optics and Zhongji Innolight fell over 6%. The petrochemical sector also saw significant losses, with Tongkun Shares dropping more than 8%, Satellite Chemical over 4%, and Haohua Technology over 3%. Banks and construction machinery stocks led the gains, with China Merchants Bank and Sany Heavy Industry rising more than 3%. Trading volume in the Shanghai and Shenzhen markets reached 1.54 trillion yuan, a decrease of 362.7 billion yuan compared to the previous session, as over 4,300 individual stocks fell across the market.