Afternoon commentary: Shanghai index fell by 0.34% in half a day, while AI application concept stocks rose against the market.

The three major indices fell collectively in early trading. As of noon, the Shanghai Composite Index fell by 0.34%, the Shenzhen Component Index fell by 0.29%, and the ChiNext Index fell by 0.32%. The BeiGene 50 Index rose by 0.45%. The total trading volume in Shanghai and Shenzhen and the Beijing stock exchanges amounted to 1.1241 trillion yuan, down 8.9 billion yuan from the previous day. Over 3,000 stocks in the market fell. In terms of sectors, Sora concept, medical equipment, cloud computing, pet economy, and logistics sectors led the gains; while the Hainan free trade zone, power generation, liquor, and rare earth permanent magnet sectors led the declines. On the speculative front, AI application concept stocks such as Sora, education, and media rebounded collectively, with Saic Group's 20cm hitting limit up, and stocks like Daheng Technology and Hanwang Technology also hitting limit up. The medical equipment and pharmaceutical sectors started off strong, with Kantai Medical and Zhengchuan shares hitting limit up. The cloud computing sector was active, with Hubei Radio & Television, Hanwang Technology, and Zhongdian Xinlong hitting limit up. The logistics sector rallied in midday trading, with Shentong Express hitting limit up. The Hainan free trade zone sector declined for a correction, with Xinglong Holdings, Hainan Ruize, and Haima Automobiles all falling. The power generation stocks also oscillated for an adjustment, with Zhongshe Holdings hitting limit down during the trading session, and Shenzhen Water Engineering, CCCC Fourth Harbor Engineering, and JiKang Technology falling by over 10%.