A-shares closed: The STAR Market 50 Index fell 5%, and the total turnover of the two markets shrank by more than 440 billion yuan.

CoinFeed, June 1st - According to Cailian Press, the market rallied and then retreated throughout the day, with the ChiNext index falling over 2% and the STAR Market 50 index dropping 5%. The yellow and white lines (referring to the Shanghai and Shenzhen stock exchanges) showed significant divergence, with small and mid-cap stocks performing relatively strongly. The combined turnover of the Shanghai and Shenzhen stock exchanges was 2.88 trillion yuan, a decrease of 441.5 billion yuan from the previous trading day. Market hotspots were mixed, with over 3,700 stocks rising, including 166 that hit their daily limit. In terms of sectors, AI applications saw a surge, with Tiandi Online achieving three consecutive daily limit increases, Zhangyue Technology achieving two daily limit increases in four days, and Visual China, TaxFriend, and Jiuqi Software also hitting their daily limit. The coal sector strengthened, with Dayou Energy, Zhengzhou Coal Industry, Haohua Energy, Jinkong Coal Industry, and Lu'an Environmental Energy all hitting their daily limit. AI PC concepts were active, with Chunqiu Electronics achieving two consecutive daily limit increases, and Shengli Precision, Yingli Shares, and Leishen Technology also hitting their daily limit. Gas stocks saw a surge, with Guoxin Energy hitting its daily limit.