China A-share indices opened lower, rallied then pulled back. At midday the
Shanghai Composite was down 0.08%, the Shenzhen Composite was up 0.18% and the
ChiNext was up 0.27%. Turnover across Shanghai and Shenzhen was 933.5 billion
yuan, down 37.2 billion yuan from the prior session. More than 3,900 stocks were
higher. The robotics sector remained active with over ten stocks hitting daily
limit-up and Unitree Robotics extending gains for a third session. Consumer
electronics and CRO names rallied with multiple limit-ups. Food & beverage saw
an intraday surge, including an Anji Food limit-up. CSSC-linked shipbuilding
names lagged. Dye stocks corrected, some down over 12%. Defense-restructuring
plays, banks and insurers were weaker.
