The market fluctuated lower throughout the day, with significant differentiation between large and small indices. The micro-stock index fell over 7%, and nearly 4,800 stocks in the All Market declined, with over 200 stocks hitting the daily limit down. The total trading volume of the Shanghai and Shenzhen markets was 1.53 trillion, an increase of 15.7 billion compared to the previous trading day. On the surface, large financial blue-chip sectors showed relative strength, while thematic sectors broadly declined. In terms of sectors, bank stocks rose against the trend, with the four major state-owned banks—China, Agricultural, Industrial, and Construction—reaching new historical highs during the session. Cultivated diamond concept stocks surged collectively, with Power Diamond and Henan Huanghe Whirlwind hitting the limit up. On the downside, AI application sectors saw a full line adjustment, with Visual China Group and others hitting the limit down. Chip stocks peaked and then fell back, with Cambrian Technologies dropping over 4%. In terms of sectors, cultivated diamonds, Chinese shipbuilding, banks, and Insurance sectors led in gains, while Education, Sora Concept, gaming, and media sectors had the most significant declines. By the close, the Shanghai Composite Index fell 0.5%, the Shenzhen Component Index dropped 1.03%, and the Chinext Price Index declined 0.98%.