Shanghai Composite -1.96% at midday, Shenzhen Composite -3.97%, ChiNext Index
-4.98%. STAR 50 Index tumbled 6.07%. Shanghai- and Shenzhen-listed turnover was
CNY1.62 trillion, down CNY18.2 billion from the previous session. More than
4,900 stocks fell. IPO Yushu Technology surged 486.12% on debut, with turnover
above CNY17.7 billion. Humanoid-robot names led losses: Shangwei New Materials
-18.75%; Jiangsu Beiren, Phoenix Precision, Lvde Xiebo, Changsheng Bearing and
more than 20 others fell over 10%. MLCC, CPO and memory-chip sectors
underperformed; multiple names including Shengke Communication, Xinyuan Co.,
Shengong, Xice Testing, Shengmei Shanghai and Huahong Hongli dropped more than
10%. Coal stocks rallied — Baotailong, Shaanxi Black Cat, Suda, Dayou Energy and
Meijin Energy hit the daily upper limit. Banks bucked the market: China CITIC
Bank +4%; Agricultural Bank of China, Bank of Nanjing, Bank of Chengdu,
Chongqing Rural Commercial Bank and Bank of Chongqing also rose. Shandong Gold
jumped about 6%.
