A-share indices opened lower and slid into the midday break: Shanghai Composite
-1.82%, Shenzhen Component -2.34%, ChiNext -2.04%, Beijing Stock Exchange 50
-3.52%, STAR/Sci‑Tech Innovation 50 -2.99%. Turnover across Shanghai and
Shenzhen reached CNY1.27 tln, up CNY183.3 bln vs the prior session. Power names
outperformed: Mindong Power posted a third straight daily limit-up; Jiangsu New
Energy and Hangzhou Thermal Power hit up-limits. Defense equipment showed
pockets of strength, with Guangdian Co. and Neimeng Yiji on up-limits. Precious
metals plunged: Xingye Silver‑Tin hit an intraday limit-down; Hunan Silver,
Zhuzhou Smelter Group, Zijin Mining, Xiaocheng Technology and Western Gold
dropped sharply. Diversified financials weakened, Xinli Financial and Cuiwei Co.
down more than 8.5%.
