A-shares diverged in morning trade. Shanghai Composite +0.2% at midday, Shenzhen
Composite -1.13%, ChiNext -2.18%. Combined turnover on the Shanghai and Shenzhen
bourses topped CNY1.8 trillion. More than 3,200 stocks advanced. Military and
livestock farming sectors led gains; medical services and innovative-drug stocks
were active, with Baihua Pharma recording a fifth consecutive daily limit-up.
Advanced packaging and CPO sectors were among the biggest decliners;
optical/component names weakened, with Guangxun Technology touching limit-down
and several chip/optical suppliers under pressure.