Midday Report: Shanghai Composite Index experiences a 0.58% decline at midday, with the battery industry chain bucking the trend by rising.

The three major indices collectively fell in the morning session, with the Shanghai Composite Index down 0.58%, the Shenzhen Component Index down 0.38%, the ChiNext Index down 0.07%, and the Shanghai and Shenzhen 300 Index down 0.2% by midday. The total turnover of the Shanghai, Shenzhen, and Hong Kong markets was 1.23 trillion yuan in the morning session, down 242 billion yuan from the previous day. Over 4100 stocks in the market fell. In terms of sectors, energy metals, batteries, small household appliances, propylene oxide, artificial meat, banks, electricity, and logistics sectors led the gains; while insurance, photovoltaic equipment, communication services, precious metals, environmental protection equipment, wind power equipment, software development, and data security sectors led the declines. On the market front, the impact of Zimbabwe's lithium ore export ban may last longer than expected, with battery and lithium ore stocks in the new energy sector rising in the morning session, leading to sharp increases for companies like Shida Victory, and Rongjie Shares hitting limit-up. Some chemical stocks rose, with propylene oxide leading the way, Bohai Chemicals hitting limit-up, and Wanhua Chemical and Satellite Chemical rising. The power sector hit bottom midday before rebounding, with Huadian Liaoning recording nine consecutive limit-ups. On the other hand, the insurance sector fell, with China Life Insurance down over 5% after its performance report, followed by China Ping An, and China Life falling. Most of the photovoltaic equipment sector declined, with Ubiquitous New Materials falling sharply by 10%, and Guosheng Technology and Shuhang New Energy leading in declines.