# Beijing Industrial Policy

A Fragile 4,000: Chinese Markets Retreat Amid Global Volatility and Tech Divergence

Chinese markets saw a sharp correction on June 10, with the Shanghai Composite falling below 4,000 and growth indices dropping over 2% amid global market turbulence. While semiconductor and AI sectors showed resilience, over 3,800 stocks declined as high-volume trading signaled a broad retreat from growth-oriented positions.