On the first trading day of 2025, the market trended downwards throughout the day, with the Chinext Price Index leading the decline and the Shanghai Composite Index falling below 3300 points, while several heavyweight stocks like East Money Information experienced significant drops. The total trading volume for the Shanghai and Shenzhen markets reached 1.4 trillion, an increase of 50.8 billion compared to the previous trading day. On the surface, individual stocks fell broadly, with over 4300 stocks declining in the All Market. By sector, consumer stocks were active against the trend, with WeChat mini-stores leading the gains, and stocks like Zhongbai Holdings Group hitting the limit up. Robot Concept stocks rebounded temporarily, with Jianshe Industry Group also hitting the limit up. On the downside, large financial stocks underwent collective adjustments, with Shanghai Chinafortune falling over 8%. In terms of sectors, retail, food, e-commerce, and tourism saw the largest increases, while Insurance, securities, Military Industry equipment, and Semiconductors were among the largest declines. At the close, the Shanghai Composite Index fell by 2.66%, the Shenzhen Component Index fell by 3.14%, and the Chinext Price Index fell by 3.79%.