Midday Report: The ChiNext index fell by 2.9% in the first half of the day, and the mining hardware stocks collectively adjusted.

The three major indexes collectively fell in the morning session. As of the midday break, the Shanghai Composite Index fell by 0.79%, the Shenzhen Component Index fell by 2.21%, the ChiNext Index fell by 2.9%, and the ChiNext 50 Index fell by 1.28%. The total turnover in the Shanghai, Shenzhen, and Hong Kong markets in the morning session was 1.9304 trillion yuan, an increase of 84 billion yuan from the previous day. Over 4,400 stocks in the entire market fell. In terms of sectors and themes, computing power hardware, military equipment, consumer electronics, and digital currency concept stocks were the top decliners, while precious metals, banks, tourism, and hotel sectors were relatively active. On the market, stocks related to AI computing power concepts such as CPO, copper cable high-speed connection, and PCB weakened during the session, with Cambridge Technology hitting the limit down, while Huafeng Technology, Decole, and Ruijie Networks all fell by more than 10%. The military equipment sector continued to decline, with Maixinlin, Aerospace Environment, and Philips Hua leading the decline. Blockchain and digital currency concept stocks also performed poorly, with China Oil Capital, Dongxin Peace, and Zhongke Jincai all hitting the limit down during the session. Gold stocks showed relative strength, with stocks such as Silver Color, Leshen Tongling, and Western Gold all hitting the limit up. The banking sector collectively rebounded, with stocks such as Yunong Commercial Bank, Qilu Bank, and China Merchants Bank all rising.