Midday Update: The Shenzhen Component Index opened lower and rose in half a day, up 0.73%. Stocks related to aquaculture, gaming, and Huawei led the gains.
The three major indexes showed mixed movements in the morning session. By midday, the Shanghai Composite Index rose by 0.11%, the Shenzhen Component Index rose by 0.73%, the ChiNext Index rose by 0.21%, and the CSI 50 Index dropped by 0.66%. The total turnover in Shanghai, Shenzhen, and Hong Kong markets reached 1.6994 trillion yuan, a decrease of 402.6 billion yuan from the previous day. Over 3,300 stocks in the market saw an increase. In terms of sectors, gaming, pork, Huawei software, and pesticide sectors performed well, while rare earth permanent magnet, innovative drugs, banking, semiconductor, and robotics sectors saw declines. On the market, the gaming sector collectively rose, with Sanyi Interactive Entertainment hitting the daily limit up, and Glacier Network and Kaying Network following suit. Pork stocks were boosted during the midday trading, with Muyuan Stock approaching the daily limit up, and Aonong Biological hitting the daily limit. The Huawei software sector showed strength, with ZTEsoft and Tobii Information hitting the daily limit up, and Changshan Beiming and Runhe Software leading in gains. The rare earth permanent magnet sector experienced fluctuations, with Baosteel, Northern Rare Earth, and China Rare Earth falling by over 5%. The semiconductor sector saw synchronous adjustments, with Xinyuan Shares, Hikari Information, and Chengdu Huami leading the declines.
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