China A-Shares Fall on July 28, 2026; ChiNext Drops 7.35%
On July 28, 2026, China's A-share indices opened lower and extended losses, with the Shanghai Composite down 1.16%, the Shenzhen Component down 4.52%, and the ChiNext down 7.35%. Total turnover reached RMB 2.0258 trillion, down RMB 50.8 billion from the prior session. Food and beverage, retail, and banking stocks gained, while telecom, electronics, and building materials fell sharply.
On July 28, China's three major A-share indices opened lower and continued to fall throughout the session, with losses widening by the close. The Shanghai Composite Index fell 1.16% to 3,813.31 points, the Shenzhen Component Index dropped 4.52% to 13,509.68 points, and the ChiNext Index declined 7.35% to 3,327.03 points. Across the two exchanges and the Beijing Stock Exchange, 2,601 stocks rose, 2,765 fell, and 161 were flat. Total turnover on the Shanghai and Shenzhen exchanges reached RMB 2.0258 trillion, down RMB 50.8 billion from the previous trading day.
Food and beverage led gains, with stocks such as Pinwei Food, Yanjin Puqin, Jinzhongzi Wine, and Yiming Food hitting limit-up or rising over 10%. Retail trade followed, with Dongbai Group hitting limit-up, and Wanchen Group, Xiaoshangpin City, and Minmetals Development rising over 6%, while Jinhé Shangguan, Cuivei Shares, and Central Mall gained over 3%. Banking stocks were strong, with China Construction Bank, ICBC, Postal Savings Bank, and Agricultural Bank rising over 2%, and Bank of Shanghai and Bank of China up over 1%.
Telecom stocks plunged, with Eoptolink, Zhongji Innolight, Cambridge Industries, Tianfu Communication, Ruijie Networks, Dingtong Technology, and Yangtze Optical Fibre hitting limit-down or falling over 10%. The electronics sector was weak, with more than 10 stocks including Xi'an Yicai, Puyuan Shares, Hengyunchang, Yuanjie Technology, Changguang Huaxin, and Guangzhi Technology hitting limit-down or falling over 10%. Building materials underperformed, with Sinoma Science & Technology hitting limit-down, and China Jushi, Honghe Technology, International Composites, and Shangfeng Materials falling over 5%.
Across the two exchanges and the Beijing Stock Exchange, 82 stocks rose over 9%, while 170 stocks fell over 9%.