A-shares closed mixed after intraday swings. Shanghai Composite rose 0.24%;
Shenzhen Composite fell 0.12%; ChiNext fell 0.39%. Turnover across Shanghai and
Shenzhen was 1.55 trillion yuan, down about 77.6 billion yuan from yesterday.
Advancers outnumbered decliners by roughly 3,000 to 2,000. Military stocks led
gains with multiple names hitting daily limits, including Hualichuangtong,
Chenxi Aviation and Changcheng Military. Flying-car concept stocks rallied —
Jiezong Technology hit limit-up; CITIC Offshore, Wanfeng Aowei and Dong'an Power
also reached limits. Property stocks recovered, Yuehongyuan A hit limit-up.
Stronger sectors included carbon fiber, precious metals, baijiu, offshore
engineering equipment, wind-turbine equipment and humanoid robots. CRO names
opened firmer then slid; WuXi AppTec touched intraday down-limit in the
afternoon. Weakness was seen in media, CPO, batteries, PCB, securities and MLCC
sectors.
