The ChiNext Index fell more than 2%, with nearly 4100 stocks falling

The index weakened, with the ChiNext Index falling more than 2.00%, the Shanghai Composite Index falling 0.16%, and the Shenzhen Component Index falling 1.09%. Industries such as military, stablecoins, and rare earth permanent magnets experienced the largest decline, with nearly 4100 stocks falling in the Shanghai, Shenzhen, and Beijing stock markets.