The Shanghai and Shenzhen stock markets fluctuated throughout the day. The Shanghai Composite Index fell more than 1% after falling below 2,900 points. The index fell nearly 2%, and more than 3,200 shares closed lower.
The Shanghai Composite Index closed at 288.97 points, down 0.99%, with a turnover of 194.303 billion yuan (RMB ‧ the same); Shenzhen Composite Index closed at 8811.13 points, down 1.58%, turnover of 254.618 billion yuan; GEM index closed at 1453.96 points, the decline 1.75%, turnover of 84.459 billion yuan.
The major industry sectors were all green, with only gold, caps, and domestically produced mainframes floating red. Huawei’s HiSilicon concept, new materials, and mining services led the decline. In terms of individual stocks, the number of shares fell more and more, and the two cities exceeded 3,200 shares.
On the news front, Securities Times quoted C114 China Communication Network as saying that at the 2019 China Optical Network Symposium held recently, the director of the Institute of Technology and Standards of the Information and Communication Research Institute of the Ministry of Industry and Information Technology said that the 5G license has been issued. 5G has come, the future has arrived, for the fixed-line broadband with it, it should be in the same way into the Gigabit era. 10G PON is the current mainstream Gigabit broadband access technology. Operators’ recent access network equipment collection has a rapid increase in the proportion of 10G PON products. The industry is expected to enter the upgrade cycle.