A-shares opened higher then slipped; at midday the Shanghai Composite was down
0.13%, the Shenzhen Composite down 0.33% and the ChiNext Index down 0.45%.
Morning turnover across Shanghai and Shenzhen was 870 bln yuan, down 136.1 bln
yuan from the prior session. More than 3,700 stocks declined. Motor/electric
machinery names outperformed with several hitting daily limits; retail activity
was strong, including a stock recording a fifth consecutive limit-up. Banks,
animal-feed and reducer/gearbox-related sectors were among the top gainers.
Aerospace and defense underperformed, while biopharma, semiconductors and
e-commerce sectors labeled.
