China's stock markets closed sharply lower on November 6, with the ChiNext Index dropping nearly 4% and combined Shanghai-Shenzhen turnover contracting by 460.2 billion yuan to 1.66 trillion yuan. More than 4,700 stocks declined across the broader market as the session opened sharply lower before trading in a weak narrow range.
The Shanghai Composite Index fell 1.1%, while the Shenzhen Component Index dropped 2.57%. Computing-power hardware stocks led the selloff, with Cambridge Technology and Aohong Electronics hitting limit-down and Foxconn Industrial Internet falling sharply. Banks bucked the trend, with Shanghai Rural Commercial Bank gaining over 4%.
Thematic rotations showed mixed results: AI animated-drama stock Zhewen Pictures extended its streak to five consecutive limit-ups, power sector names including Xinneng Shares and Lixin Energy hit limit-up, and photovoltaic concept Yongzhen Shares sealed a fourth straight limit-up. The STAR 50 Index pared gains after initially rising.
ChiNext Index Plunges Nearly 4% as China Stocks Shed Over 4,700 Decliners, Turnover Shrinks 460 Billion Yuan
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