The major indexes of A-shares continued to adjust this morning, with both the Shanghai Composite Index and the Shenzhen Component Index hitting new lows in the adjustment. Internet e-commerce concept stocks rose against the market trend, while banks sector rebounded and high-priced stocks continued to decline.
In the morning, the main A-share indexes continued to adjust, with both the Shanghai Composite Index and the Shenzhen Component Index hitting new lows. As of midday, the Shanghai Composite Index fell 0.53% to 2722.01 points, the Shenzhen Component Index fell 0.96%, and the Chinext Price Index fell 0.88%. More than 4,400 stocks fell, with a trading volume of 304 billion yuan in the first half of the day, a decrease of 34.8 billion yuan from the previous day.
On the market, stocks in the internet e-commerce sector rose against the trend, with Global Top E-commerce hitting its fourth consecutive limit up. Jiangsu High Hope International Group Corporation and Lionhead Technology Development also briefly hit the limit up; stocks in the fast charging concept sector rose, with Jilin Jinguan Electric and Shenzhen Auto Electric Power Plant both hitting the limit up. The notice from the National Development and Reform Commission pointed out the need to strengthen the application and promotion of intelligent and orderly charging. The banking sector rebounded, with China Construction Bank, Agricultural Bank of China, and Bank of China rising more than 2%. High-priced stocks continued to decline, with Dazhong Transportation(Group)Co.,Ltd, Shenzhen Huaqiang Industry, and LBX Pharmacy Chain Joint Stock among the stocks that hit the limit down; brokerage stocks fluctuated and fell, with Sealand falling more than 6%; stocks in the CRO concept sector fell across the board, with Chempartner Pharmatech falling more than 6% and Wuxi AppTec falling nearly 5%; the U.S. House of Representatives passed the "Biological Safety Act." The tourism, education, and real estate sectors were among the top decliners.
The banking sector rebounded, with Bank of China rising more than 2%.
China Construction Bank, Agricultural Bank of China, and Bank of China all rose more than 2%, while Industrial and Commercial Bank of China rose more than 1%.
The stocks in the fast charging concept sector rose, with Shenzhen Auto Electric Power Plant hitting the limit up.
Jinguan Technology and Auto Xun reached the limit, Yingkerui rose by more than 8%, and Baobian Electric, Sojo Electric, and Jin Guan Electric followed the rise. On the news side, the National Development and Reform Commission issued a notice on promoting the application of large-scale interactive work of car-networking pilots, which pointed out the need to strengthen the promotion of intelligent and orderly charging applications.
Internet e-commerce concept stocks rose against the market, and Global Top E-commerce hit a four-day limit.
Global Top E-commerce hit a four-day limit, Jiangsu High Hope International Group and Lionhead Technology Development briefly reached the limit, and Guangdong SACA Precision Manufacturing, Santai Holdings, Nanji E-commerce and others followed the rise. On the news side, the State Administration of Taxation recently issued the "Guidelines for the Operation of Export Overseas Warehouses for Cross-border E-commerce (Exemption) Tax Refund", aimed at providing detailed tax guidance for cross-border e-commerce export overseas warehousing companies, helping enterprises to deeply and accurately understand the provisions of export tax refund (exemption) policies, grasp the operation process of export tax refund (exemption) business, better adapt to the new situation of industry development, and promote the vigorous development of cross-border e-commerce export overseas warehousing business.
Brokerage stocks fluctuated and fell, Sealand securities fell by more than 6%, First Capital Securities, Tianfeng Securities, Changjiang Securities, and Caida Securities fell by more than 3%, while Zhongtai Securities, First Capital, and Northeast Securities also declined one after another.Sealand securities fell by more than 6%, First Capital Securities, Tianfeng Securities, Changjiang Securities, and Caida Securities fell by more than 3%, while Zhongtai Securities, First Capital, and Northeast Securities also declined one after another.
Concept stocks in the CRO industry fell across the board, with Wuxi Apptec falling nearly 5%.
Chempartner Pharmatech fell more than 6%, Hainan Poly Pharm fell more than 5%, Wuxi Apptec fell more than 4.7%, Xinjiang Bai Hua Cun Pharma Tech, Boji Medical Technology, and Shengnuo Biotechnology all fell more than 3%. On the news front, on September 9, local time, the U.S. House of Representatives announced that H.R. 8333, the "Biodefense Act", was passed by a vote of 306 to 81. This bill restricts the business dealings between the U.S. federal government and some biotechnology providers under the pretext of "national security". It is reported that a total of 5 Chinese companies are involved in this bill.
Wuxi Apptec issued a response stating that the company strongly opposes this pre-supposed and unreasonable designation without due process. The company firmly believes that Wuxi Apptec has not, does not, and will not pose a national security risk to the United States or any other country in the past, present, or future, and the company has not been subject to any sanctions by U.S. government agencies.
