Midday review: The ChiNext Index rose more than 1% in the morning session, with small metal and AI computing hardware stocks leading the gains.

The three major indices rose collectively in the morning session, with the Shanghai Composite Index up 0.12%, the Shenzhen Component Index up 0.81%, and the ChiNext Index up 1.18% by midday. The BeiZ50 Index rose 0.49%. The total turnover of the Shanghai and Shenzhen markets and the Shenzhen-Hong Kong Stock Connect exceeded 1.34 trillion yuan in the first half of the day, an increase of 30.5 billion yuan from the previous day. Over 2700 individual stocks in the market rose. In terms of sector themes, small metals, electric power equipment, liquid-cooled servers, CPO, super capacitors, copper cable high-speed connections, semiconductors, cultivated diamonds, rare earth permanent magnets, and computing power leasing sectors led the gains. Meanwhile, the film and television industry, short drama games, tourism and hotels, retail, banking, and food processing and manufacturing sectors experienced the biggest declines. On the market front, strong demand for AI hardware drove the collective strength of CPO, copper cables, capacitors, and other computing power hardware stocks. Tianfutong Communications and Taichenguang both reached historic highs. Stocks related to computing power leasing also strengthened, with Youkude hitting the 20cm limit-up in intraday trading after the company raised its product service prices. The small metal sector remained active, with Xianglu Tungsten Industry and Zhangyuan Tungsten Industry hitting the limit-up, as institutions are optimistic about the rising prices of key mineral resources. Overall, AI hardware companies performed well. On the other hand, the film and television industry, and short drama games sectors continued to adjust, with Huanyi Century, Hengdian Group, and Bona Film Group all hitting the limit-down. Retail and food consumption stocks performed poorly, with Haixin Food and Dongbai Group experiencing the biggest declines.