Chinese A-shares weaken on Sept. 23-24 as Shenzhen and ChiNext decline

  • China's A-share market drifted lower on September 23 before all three major indexes opened lower on September 24.
  • Combined Shanghai and Shenzhen turnover was 1.76 trillion yuan on September 23, while Shenzhen Component and ChiNext declines neared 1% on September 24.
  • Robotics, commercial aerospace and satellite-navigation concept stocks bucked the broader weakness on September 24.

China's A-share market weakened across September 23 and the morning of September 24. On September 23, the ChiNext Index and Shenzhen Component Index opened higher before moving lower as combined Shanghai and Shenzhen turnover fell to 1.76 trillion yuan. On September 24, all three major indexes opened lower, with the Shenzhen Component and ChiNext indexes each approaching declines of nearly 1% at one point, while robotics, commercial aerospace and satellite-navigation concept stocks moved against the broader weakness.

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