China's A-share indices close lower as nearly 4,500 stocks decline

36Kr reports that China's three major stock indices closed in the red: the Shanghai Composite fell 0.88%, the Shenzhen Component Index dropped 1.97%, and the ChiNext index declined 3.1%. Computing power stocks saw sharp declines, with Guangdong Chuangxin Semiconductor down more than 11%, Tianfu Communication over 7%, and Zhongji Innolight, Eoptolink, and Foxconn Industrial Internet each falling more than 5%. The oil and gas and coal sectors led gains, with Antai Group hitting its limit up, Jinke Coal rising over 5%, CNOOC gaining more than 4%, and Sinopec advancing over 3%. Short drama and gaming concepts strengthened, with shares of Ciwen Media and Palm Reading Technology among others reaching their limit up. Nearly 4,500 stocks across the market declined.