The market opened low and continued to decline throughout the day, with all three major indices dropping over 2%, and the Shanghai Composite Index falling below 3,400 points. The total trading volume of the Shanghai and Shenzhen markets was 2.07 trillion, an increase of 202.3 billion compared to the previous trading day. Apart from the CSI Consumer 360 index, most other hot sectors experienced pullbacks. Nearly 4,400 stocks in the All Market declined, but more than a hundred stocks hit the daily price limit or rose over 10%. In terms of sectors, the initial economy concept performed strongly, with over ten stocks like Aoya Co., Ltd. hitting the daily price limit. The AI application sector saw a pullback from its peak, with the Douyin Doubao concept performing strongly, and multiple stocks including Sunwave Communications hitting the daily limit. On the downside, the Real Estate sector remained sluggish all day, with stocks like Gemdale Corporation falling over 6%. The CSI Internet Finance Index saw a general retreat, with Jiangxi Tianli Technology, INC. dropping over 10%. In terms of sectors, the snow and ice industry, creative toys, cultural media, and tourism hotel sectors had the biggest gains, while Precious Metals, Real Estate, Coal, and Diversified Finance sectors had the biggest losses. At the close, the Shanghai Composite Index fell 2.01%, the Shenzhen Component Index fell 2.23%, and the Chinext Price Index fell 2.48%.