Midday Update: ChiNext Index rose and then fell, with an increase of 0.26%. The rare earth sector is performing well.

The three major stock indexes fluctuated and rose. By noon, the Shanghai Composite Index rose by 0.34%, the Shenzhen Component Index rose by 0.30%, and the ChiNext Index rose by 0.26%. The FTSE China 50 Index fell by 0.48%. The total turnover of Shanghai, Shenzhen and Hong Kong markets reached 1.0293 trillion yuan by midday, an increase of 118.3 billion yuan compared to the previous day. Over 3000 stocks in the whole market fell. In terms of sectors, rare earths, lithium, and military industries sectors rose, while the innovation drugs and photovoltaic sectors adjusted. In the rare earths sector, all stocks rose, with Jiuwu High-tech limit up by 20cm, Dongfang zirconium, Huahong Technology and other stocks limit up, and Northern Rare Earths reached the limit up, with the stock price hitting a 3-year high. The lithium sector continued to strengthen, with Fumiao Technology limit up by 20cm, Shengxin Lithium Energy, and Jinyuan Stock limit up. The military industry sector rose, with Tianqin Equipment rising by over 12% and Construction Industry limit up. The innovation drugs sector fluctuated and adjusted, with Guangshengtang and Zhijiang Bio falling by over 5%. The photovoltaic sector adjusted, with Yamington falling by over 8%.