I. After-hours key points: 1. The index habitually fell with reduced volume, which is entirely the behavior of institutions; 2. The SSE Composite Index fell by 142 points, closing at 3820, a decrease of 3.60%, with a trading volume of 74.8 billion yuan; 3. The index began to fall again above 3900 points, leading to widespread declines in individual stocks, completely replicating the May 30th scenario, with 225 stocks hitting the daily downward limit, only 24 stocks rising, and previous hot topics falling by more than 7%. The only exception was the brokerage sector led by CITIC Securities (600030), which rose by 0.13%. Among the weighted sectors, the banking sector had the smallest decline, followed by real estate; 4. Clearly, the current state of the market is no longer a simple stock market issue, nor is it merely an issue of listed company's good or bad news. Deeper policy levels may be more worth considering and waiting for.