PANews
PANews|Oct 29, 2026 07:16
[A-Share Market Close: Both the Shenzhen and ChiNext indices opened lower and continued to decline, with over 4,700 stocks falling across the board] According to CLS News Agency, the market opened lower and continued to decline, with the Shenzhen Component Index falling nearly 3% and both the ChiNext and ChiNext indices falling over 4%. The combined turnover of the Shanghai and Shenzhen stock exchanges was 1.56 trillion yuan, a decrease of 72 billion yuan from the previous trading day. Over 4,700 stocks declined across the board. On the sector front, the banking sector bucked the trend, with ICBC and CCB hitting new historical highs, bringing the total market capitalization of the four major banks to over 10 trillion yuan. Qingdao Bank rose over 8%. The food and beverage sector rebounded, with Qingdao Food achieving its fourth consecutive daily limit up, and Babi Food and Huifa Food both hitting their daily limits. The ice and snow economy concept performed actively, with Bingshan Cold & Hot and Longjiang Transportation hitting their daily limits. On the downside, the computing power hardware sector collectively declined, with Tianfu Communication hitting its daily limit down during trading, and Xin Yisheng, Shijia Photonics, Robotec, Baiwei Storage, and Changyingtong all falling over 10%. At the close, the Shanghai Composite Index fell 0.82%, the Shenzhen Component Index fell 2.92%, and the ChiNext Index fell 4.45%.
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