Chinese stocks fell on the first of September, with the Shanghai Composite down 0.16%, the Shenzhen Component down 1.02%, and the ChiNext down 1.32%.

The trading value on the two exchanges in Shanghai and Shenzhen reached 2.03 trillion yuan, down 97.6 billion yuan from the previous session. The market saw more than 3,300 advancing stocks, but industry groups rotated quickly.

Consumer stocks went against the market trend, with Maoye Commercial, Guofang Group, Xinhua Department Store, Guoguang Chain, Gujing Gongjiu, Xi’an Catering, and Jiahe Food all hitting their daily upper limits. The agriculture sector also maintained an uptrend, with Wanxiang Denong posting six straight sessions with daily upper-limit gains.

Stocks related to short films and AI applications continue to strengthen during the session. Mango Excellent Media, Huanrui Century, China Television Media, Dasheng Culture, Yaowang Technology, and Jingyeda all rose to the ceiling.

Financial sector shows positive developments, with Hualin Securities rising to the ceiling; Bank of China, China Construction Bank, Bank of Chengdu, and Bank of Jiangsu all set new highs. On the other hand, the PCB group adjusted, dragging down Fangbang Electronics, Tongguan Copper Foil, and Nanya New Material Technology.

Source: https://tintucbitcoin.com/chinext-va-shenzhen-giam-hon-1-co-phieu-ai-tang-trong-phien/

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