A-shares closed lower after intra-day rallies: Shanghai Composite -0.29%,
Shenzhen Composite -0.97%, ChiNext -1.21%. Combined turnover on the
Shanghai-Shenzhen bourses were about 2.571 tln yuan, down ~132.815 bln yuan
versus the prior session. Medical services outperformed, with RuiZhi Pharma,
Zhaoyan New Drug and Baihua Pharma hitting limit-up; Wanbang Pharma, Nanmo
Biotech and Sunshine Nuohuo led gains. Baijiu stocks recovered from an early
dip; Gujinggong, Jinzongzi and others hit limit-up, while Luzhou Laojiao, Shanxi
Fenjiu, Jinshiyuan and Yingjia Gongjiu posted notable gains. Semiconductor and
PCB-related compute-hardware names opened higher then slid: Qingyi
Optoelectronics, Zhenbao Tech, Qiangyi Tech, Moxi and Dongwei Semiconductor fell
more than 10%. Memory-chip names were weak—Baiwei Storage fell over 15%, while
Demingli, Shenkeji and Lianwei Micro hit limit-down.
