The market experienced fluctuations and adjustments in the morning, with all three major indexes dropping over 1%. The combined trading volume of the Shanghai and Shenzhen markets was 1.22 trillion, an increase of 54.7 billion compared to the previous trading day. Most individual stocks declined, with over 4000 stocks dropping across All Market, but nearly a hundred stocks still reached the daily limit or gained over 10%. In terms of specific sectors, the initial public offering economic Concept surged against the trend, with the convention and performance, ice and snow economy, and Metaverse leading the way, while Funshine Culture Group and several other stocks hit the daily limit. The AI application sector became active again, with Douyin Doubao leading the rise and Sunwave Communications among several stocks hitting the daily limit. The CSI Consumer 360 index sector showed diversified performance; retail stocks remained active, with Zhongbai Holdings Group and several other stocks hitting the daily limit. Sector-wise, cultural and creative toys, ice and snow economy, ByteDance, and gaming led in growth, while Precious Metals, CSI SWS Food & Beverage index, Real Estate, and Coal experienced the largest declines. By the close, the Shanghai Composite Index fell by 1.49%, the Shenzhen Component Index dropped by 1.74%, and the Chinext Price Index decreased by 1.78%.