After an early dip-and-rebound, A-shares slid again at midday. Shanghai
Composite -0.53%, Shenzhen Composite Index -0.43%, ChiNext -0.47%, Beijing 50
+0.41%, STAR 50 -4.22%. Half-day turnover 1.48 trillion yuan, up 151.6 billion
yuan vs the prior session. Market breadth was positive with more than 3,400
advancers; C Changxin rose over 3.7% to 48.75 yuan on turnover near 24 billion
yuan. Consumer names outperformed: dairy stocks led gains with Yiming Food on a
second straight limit-up and Liangpin Puzi, Nanqiao Food, Huanlejia, Yangguang
Dairy, Liziyuan, Tianrun Dairy and Junyao Health at daily limits. Education
stocks climbed (Chuanzhi Education three-day limit-up; Zhonggong Education,
Quantong Education at limits). Electric-grid equipment and solid-state-battery
names also rallied, including Sanbian Technology, Haixing Electric Power,
Jinlongyu and Lingpai Technology. Photolithography and memory-chip sectors
weakened sharply: Maolai Optics fell more than 15%, Xinqi Weizhuang, Bochang
Photonics, Lanying Equipment and Xinlai Yingcai plunged; memory-chip names such
as Yake Technology, Zhaoyi Innovation, Tongfu Microelectronics, Zhipure
Technology and Tongcheng New Materials hit or approached limit-down.
