Opened lower and continued to decline across the board—major indices and the ChiNext led the breakdown, with the Shanghai Composite directly falling below the key 3,700 level. ChiNext (-1.36%) > CSI 300 (-1.04%) > SSE 50 (-0.85%) > Shanghai Composite (-0.67%) > STAR 50 (-0.59%) > CSI 500 (-0.51%) > CSI 1000 (-0.37%) > CSI 2000 (-0.21%)—the larger the index, the worse the decline, characteristic of institutional and weight-driven selling pressure. This follows the same trend seen since October 20, where “large-cap outflows with high volume” have dominated. Today marks the third consecutive day, and the sell-off has now expanded from “large-cap declines” to a broad market selloff. Retail-driven small-cap stocks showed relative resilience: CSI 2000 fell only 0.21%, and CSI 1000 dropped 0.37%—less than half the decline of major indices. This wave is targeting institutional heavyweights (core assets and ChiNext blue chips).
CoinHuSays胡侃Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.