Midday: Shanghai Composite Index adjusted and fell 0.34% for half a day, AI concept stocks rose against the market
The three major indices fell collectively in the morning session, with the Shanghai Composite Index down 0.34%, the Shenzhen Component Index down 0.29%, and the ChiNext Index down 0.32% as of midday. The BCI 50 Index rose 0.45%, with the total turnover of the Shanghai and Shenzhen stock markets reaching 1.1241 trillion yuan in the first half of the day, down 8.9 billion yuan from the previous day. Over 3000 stocks in the entire market declined. In terms of industry sectors, Sora concept, medical devices, cloud computing, pet economy, and logistics sectors posted the largest gains, while Hainan Free Trade Zone, Yaxia Hydroelectric, liquor, and rare earth permanent magnet sectors saw the biggest declines. On the market, AI application concept stocks such as Sora, education, and media rebounded collectively, with Sai Group's 20cm hitting the limit up, and stocks such as Daheng Technology and Hanwang Technology also hitting the limit up. The medical devices and pharmaceutical sectors rose at the beginning of the day, with Kangtai Medical and Zhengchuan Shares hitting the limit up. The cloud computing sector was active, with Hubei Radio and Television, Hanwang Technology, and Zhongdian Xinlong hitting the limit up. The logistics sector rose during the day, with STO Express hitting the limit up. The Hainan Free Trade Zone sector saw a decline and adjustment, with Xinxin Holding, Hainan Ruizhe, and the Sea Horse Automobile all declining. Yaxia Hydroelectric concept stocks also experienced volatility and adjustment, with Zhongshe Holdings hitting the limit down, and Shen Shui Rulesan, China Railway Construction Heavy Industry, and Kinkang Technology all falling more than 10%.
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