China's A-share benchmarks were lower at midday after an early dip and brief
rebound: Shanghai Composite -0.43%, Shenzhen Composite -0.46%, ChiNext -1.1%.
CSSC-related names outperformed, with Zhongchuan Teqi and China Power hitting
limit-up, and Jiuzhiyang and Zhongchuan Hanguang among the top gainers. Coal
mining and processing stocks recovered to lead gains; Antai Group, Pingmei,
Dayou Energy hit limit-up, while Zhengzhou Coal & Power, Huaibei Mining and
Shaanxi Black Cat also rose. Storage-chip plays strengthened—Shanghai Silicon
Industry rallied over 15% intraday; Taiji Industrial and Dawei shares hit
limit-up, with Baiwei Storage, Jiangbolong and Demingli higher. Oil and gas
exploration and services lagged in early trade, led lower by Tongyuan Petroleum
and Keli Co.