According to CoinMeta, the three major A-share indices opened lower in the morning session, with the GEM index opening down by 4.99%. Subsequently, the markets rebounded and fluctuated upwards during the session, with the Sci-Tech 50 index turning positive for a while before falling again before noon. By the close of the midday session, the Shanghai Composite Index fell by 1.14%, the Shenzhen Component Index fell by 2.22%, and the GEM Index fell by 3.5%. The trading volume across both markets exceeded 1.1 trillion yuan, with over 4,500 individual stocks declining. In terms of sectors, breeding, planting, power, and banking sectors performed strongly against the trend, while photovoltaic equipment and battery sectors saw a surge followed by a decline. The culture and media, film and theater sectors were relatively active, but the computing hardware sector experienced a collective pullback, with several sub-sectors leading the declines.