China A-shares midday: Shanghai Composite -0.20%, Shenzhen Composite -1.00%,
ChiNext -1.29%. Markets opened lower, recovered into the morning and eased into
the midday close. AI corpus names led gains: Mango Excellent Media and Rongxin
Culture hit 20% daily limit-ups; Zhongguang Tianze, Shanghai Film and others
also limit-up. Coal-mining stocks jumped — Zhengzhou Coal & Power limit-up,
Dayou Energy +6%+. Real-estate services active, Tefa Service +10%+.
Liquid-cooled server suppliers strengthened; Jinfu Technology, Jindi, Kangsheng
among those limit-up. Outperforming sectors included consumer electronics,
sports, kitchen appliances, banks and PCB. Real-estate developers slipped after
early strength; Xiangjiang Holdings and Yingxin Development fell >5%. Hard-hit
sectors: precious metals, innovative drugs, nonferrous metals and
aviation/airports. Combined Shanghai/Shenzhen half-day turnover ~1.31 trillion
yuan, down ~112.1 billion yuan vs prior session; ~2,200 stocks up, ~2,800 down.
