A-shares opened lower then rallied; at midday the Shanghai Composite was unchanged, the Shenzhen Composite Index rose 0.63% and the ChiNext Index gained 1.21%. Shanghai- and Shenzhen-listed turnover was 1.25 tln yuan in the first half, down 117.9 bln from the prior session. More than 3,500 stocks fell. Gold-related names outperformed: Shen Zhonghua A posted a second straight daily limit-up, Hunan Baiyin, Fuda Alloy and Baiyin Nonferrous hit limit-up. CPO-related names recovered, with Tianyang Ne

A-shares opened lower then rallied; at midday the Shanghai Composite was unchanged, the Shenzhen Composite Index rose 0.63% and the ChiNext Index gained 1.21%. Shanghai- and Shenzhen-listed turnover was 1.25 tln yuan in the first half, down 117.9 bln from the prior session. More than 3,500 stocks fell. Gold-related names outperformed: Shen Zhonghua A posted a second straight daily limit-up, Hunan Baiyin, Fuda Alloy and Baiyin Nonferrous hit limit-up. CPO-related names recovered, with Tianyang New Materials, Xingwang Ruijie and Kechuan Technology among the top movers. BC battery names advanced; Fuda Alloy led, with Huamin, Jinfu Technology and Ruike Laser also higher. Oil & gas extraction, salt-lake lithium, minor metals and MLCC concepts were among other gainers. Grain-related stocks continued to pull back: Qiule Seed and Shennong Seed fell over 11%, Jingliang Holdings and Wanxiang Denong dropped more than 9%. Innovative-drug names retreated; Ha Sanlian hit limit-down, while Boteng, Anke Biotech and Xidian Pharma were among the laggards.