At midday in China, Shanghai Composite +0.62%, Shenzhen Composite +3.41%,
ChiNext Index +5.20%. Semiconductor supply chain led gains: memory and AI chips,
lithography, advanced packaging and CPO topped advancers. Several small caps hit
20% daily limit-ups; Hua Hong Hongli jumped >17%, AMEC (Zhongwei) rose >12%.
MLCCs recovered; Guoci Materials hit 20% limit after raising zirconia powder
selling prices. Components names including Jinlu Electronics and Sanhuan Group
climbed over 13–15%. Other notable outperformers: rare-earth permanent magnets,
ADAS, glass/fiberglass, batteries, precious metals and liquid-cooling sectors.
Lagging sectors: oil & gas extraction, pharmaceuticals, CROs, power and coal
mining. Turnover on Shanghai and Shenzhen at about CNY 2.0 trillion, up roughly
CNY 330.5 billion vs. yesterday; market breadth roughly 2,600 advancers vs.
2,800 decliners.
