Market update: The Sci-Tech Innovation 50 Index rose but then fell by 4.02%, with semiconductor, CPO, and other mining hardware stocks leading the decline.

The three major A-share indexes collectively fell today, as of the close, the Shanghai Composite Index fell%, the Shenzhen Component Index fell 1.97%, the ChiNext Index fell 2.95%, the BeiGene 50 fell 2.65%, and the STAR 50 Index fell 4.02%. The total market turnover was 2.4189 trillion yuan, a decrease of 168.5 billion yuan from the previous day, with more than 2800 stocks in the market falling. In terms of sector themes, the film and television sector, pork, cultural media, short video games, tourism, and hotel sectors were among the top gainers; while the electronic chemicals, semiconductor, storage chip, CPO, and diamond cultivation sectors were among the top decliners. On the market, the film and television sector showed strong performance with low opening and high closing, where Ru Yi Film, Shanghai Film, and Huanrui Century hit the limit up, and Huazhi Media, Lighting Media, and Baina Qiancheng were among the top gainers. The cultural media sector was active, with Electric Sound Holdings and Zhidu Holdings hitting the limit up, while Zhangyue Technology, Zhaoxun Media, and China Publishing followed suit. The tourism and hotel sector surged in the afternoon, with Tibet Tourism, Western Region Tourism, and Xi'an Catering leading the gains. The electronic chemicals sector fluctuated lower, with Haili Star and Greenda hitting the limit down, and Sanfu New Materials, Rulian New Materials, and Anji Technology leading the declines. The semiconductor sector suffered heavy losses today, with Lanqi Technology approaching the limit down, Zhaoyi Innovation, Long Electrical Technology, Demingli, and other stocks hitting the limit down, as well as Jiangfeng Electronics, Liyang Chip, Chengdu Huawei, Guoke Micro, and other stocks falling by more than 10%.