After opening lower, China's major bourses recovered into the mid-session. At
noon the Shanghai Composite was up 0.01%, the Shenzhen Composite down 0.51% and
the ChiNext down 1.15%. First-half turnover across Shanghai and Shenzhen was CNY
852.8 bln, about CNY 155.4 bln below the same period yesterday; roughly 1,600
stocks rose and 3,500 fell. Gaming led gains — Fuchun hit a 20% limit-up, Wentou
Holdings, Caesar Culture and Dianhun Network also limit-up — while media opened
lower then rallied, with Ciwen Media, New Classic, iReader Technology and Xinhua
Winshare among limit-ups. Component parts names rose (Mankun Technology also 20%
limit-up; Baoding Technology, Ultrasonic Electronics limit-up). Other
Outperformers included oilfield services/engineering, coal, blind-box retailers,
aerospace equipment, power and dairy/beverages. Underperformers included
wind-turbine equipment, vehicle OEMs, retail, planting/agriculture, helium and
solid-state battery sectors.
