Chinese stocks opened lower and weakened into the midday session; the Shanghai
Composite fell 0.73% at the break, the Shenzhen Composite Index was down 1.32%
and the ChiNext Index fell 1.79%. Small metals led gains with tungsten names
strong — Xianglu Tungsten and Zhangyuan Tungsten both hit limit up. Helium plays
extended multi-day strength: Huate Gas surged about 17% and Heyuan Gas hit limit
up. Semiconductor-equipment names rallied, with Juguang Technology, Shengjian
Technology and Xuguang Electronics hitting limit up. Home appliances recovered;
Hisense Home Appliances hit limit up. Early strength also in oilfield
services/engineering, lithium mining, agriculture/livestock, broader
semiconductor, glass/fiberglass and coal sectors. Film circuits, lottery, AI
training-data and blind-box/AI-agent themes underperformed. Turnover across
Shanghai and Shenzhen were about 1.59 trillion yuan at midday, down roughly 135.6
billion yuan versus the same period yesterday; roughly 1,000 stocks advanced and
about 4,500 declined.
