[Comment: The mass entrepreneurship and innovation index opened lower and moved lower, both falling by more than 4%. More than 4,700 stocks in the market fell] On October 29, the market opened low and moved low. The Shenzhen Component Index fell nearly 3%, and the mass entrepreneurship and innovation index both fell by more than 4%. The turnover of Shanghai and Shenzhen stock markets was 1.56 trillion, a decrease of 72 billion from the previous trading day. More than 4,700 stocks across the market fell. On the market, the banking sector bucked the trend and strengthened. Industrial and Commercial Bank of China and China Construction Bank continued to hit record highs. The total market value of the four major banks exceeded 10 trillion, and Bank of Qingdao rose by more than 8%. The food and beverage sector rebounded in shock, with Qingdao Food having 4 consecutive boards, Babi Food and Huifa Food both hitting their daily limit. The concept of ice and snow economy was active, with Bingshan Cold and Hot and Longjiang Transportation hitting their daily limit. In terms of decline, the direction of computing power hardware fell collectively. Tianfu Communications hit the daily limit, and Xinyi Sheng, Shijia Photonics, Robotco, Baiwei Storage, and Changyingtong all fell by more than 10%. As of the close, the Shanghai Stock Exchange Index fell 0.82%, the Shenzhen Component Index fell 2.92%, and the ChiNext Index fell 4.45%.