A-Share Indices Open Lower; Shanghai Composite Falls 0.91%, Shenzhen Down 2.25%, ChiNext Down 3.12%

China's A-share three major indices opened lower on July 28. The Shanghai Composite Index fell 0.91%, the Shenzhen Component Index dropped 2.25%, and the ChiNext Index declined 3.12%. In early trading, sectors such as newly-listed stocks, MLCC concept, memory chips, and CPO concept led the declines, while banks, liquor, and real estate posted modest gains.