By midday China A-shares were sharply lower. Shanghai Composite -2.14%, Shenzhen
Composite Index -3.04%, ChiNext Index -3.72%. Combined Shanghai/Shenzhen
turnover CNY2.43 tln, up CNY3.3 bln vs prior session. Glass-substrate names
outperformed, with Kaisheng Technology nearing the daily limit. Select chip
stocks were active; Tongcheng New Material and others hit limit up.
Lithography-machine plays were firm, with Xinlai Yingcai and Haili stocks
touching limit. Non-ferrous metals, pharmaceuticals and semiconductor sectors
led the declines. Roughly 4,600 stocks fell.
