China A-shares opened lower and fell through the session. At close Shanghai
Composite Index -0.97%, Shenzhen Composite Index -1.88%, ChiNext Index -2.39%.
Military/defense names outperformed, led by ground-weaponry plays: Beifang
Changlong rose >13%, Inner Mongolia First Machinery hit a second straight
limit-up and multiple military contractors hit daily limits. Aerospace stocks
advanced with Shengnan Technology and Boyun New Materials at limit-up. Beauty
and personal-care names rallied; Weiqi Technology hit daily limit. Glass and
fiberglass recovered; Jiuding New Materials and Shandong Fiberglass both
limit-up. Other notable outperformers included oil & gas equipment and services,
consumer electronics, travel & hotels, gas distribution, power-grid equipment,
auto parts and liquid-cooled server suppliers. Grain/seed names weakened
sharply—Dunhuang Seed and SDIC Fengle hit daily limit-downs. Underperformers
included coal, lithium, brokers, innovative drugs, precious metals, OLED and
MLCC sectors. Turnover across Shanghai and Shenzhen totaled 1.79 trillion yuan,
down about 242.2 billion yuan versus the prior session. Market breadth: roughly
1,200 stocks advanced, about 3,800 declined.
