China's stock market closed sharply lower on Tuesday, with the ChiNext index dropping 3.41% after opening higher and briefly gaining over 1%. The Shanghai Composite fell 1.33%, while the Shenzhen Component declined 2.5%. More than 4,900 stocks across both exchanges ended in the red, signaling broad-based selling pressure. Combined turnover on the Shanghai and Shenzhen exchanges reached 1.46 trillion yuan, shrinking by approximately 148 billion yuan from the previous trading session. Banking stocks bucked the downtrend, with Shanghai Rural Commercial Bank rising over 4% to hit a year-to-date high, while China Construction Bank and ICBC also set new all-time highs. Consumer-related sectors including food, beverage, and retail showed relative strength amid the decline. On the downside, pharmaceutical shares weakened significantly, with multiple names hitting daily limit-down levels. Edge AI concept stocks also pulled back sharply, led by Yidao Information falling to its daily limit down.