Asia-Pacific Markets Slide, Shanghai Composite Closes Below 3800 Points Amid Broad Sell-Off

Regional equities fell sharply as Shanghai Composite dropped 1.54% below 3800. STAR 50 and ChiNext indices declined over 7%, while C Xinxi shares plunged 4% on massive volume.

Woofun AI reports that Asia-Pacific stock markets experienced a collective decline on July 28. Following sharp drops in Japanese and South Korean markets, the A-share Shanghai Composite Index closed below the 3800-point level, marking a 1.54% decrease. The STAR 50 Index fell more than 7%, the ChiNext Index dropped over 7.5%, and the Shenzhen Component Index declined by 4.65%. In afternoon trading, C Changxin saw transaction volumes exceed 40 billion yuan, with its stock price falling 4% to 47 yuan.