Chinese A-share indices fell in the morning session; by midday the Shanghai Composite was down 0.37%, the Shenzhen Composite down 1.83% and the ChiNext Index down 2.27%. Innovative drug stocks bucked the market, with Xinhua Pharmaceutical and several peers hitting the daily limit. Securities continued to rally, led by Changjiang Securities which also hit the daily limit. Sector winners included livestock, banks, daily-use chemicals and real estate; laggards were crude palm oil (CPO)-related name

Chinese A-share indices fell in the morning session; by midday the Shanghai Composite was down 0.37%, the Shenzhen Composite down 1.83% and the ChiNext Index down 2.27%. Innovative drug stocks bucked the market, with Xinhua Pharmaceutical and several peers hitting the daily limit. Securities continued to rally, led by Changjiang Securities which also hit the daily limit. Sector winners included livestock, banks, daily-use chemicals and real estate; laggards were crude palm oil (CPO)-related names, nonferrous metals, electrical equipment and construction machinery. Morning turnover exceeded CNY2.3 trillion.