At midday in China, Shanghai Composite +0.62%, Shenzhen Composite +3.41%, ChiNext Index +5.20%. Semiconductor supply chain led gains: memory and AI chips, lithography, advanced packaging and CPO topped advancers. Several small caps hit 20% daily limit-ups; Hua Hong Hongli jumped >17%, AMEC (Zhongwei) rose >12%. MLCCs recovered; Guoci Materials hit 20% limit after raising zirconia powder selling prices. Components names including Jinlu Electronics and Sanhuan Group climbed over 13–15%. Other nota

At midday in China, Shanghai Composite +0.62%, Shenzhen Composite +3.41%, ChiNext Index +5.20%. Semiconductor supply chain led gains: memory and AI chips, lithography, advanced packaging and CPO topped advancers. Several small caps hit 20% daily limit-ups; Hua Hong Hongli jumped >17%, AMEC (Zhongwei) rose >12%. MLCCs recovered; Guoci Materials hit 20% limit after raising zirconia powder selling prices. Components names including Jinlu Electronics and Sanhuan Group climbed over 13–15%. Other notable outperformers: rare-earth permanent magnets, ADAS, glass/fiberglass, batteries, precious metals and liquid-cooling sectors. Lagging sectors: oil & gas extraction, pharmaceuticals, CROs, power and coal mining. Turnover on Shanghai and Shenzhen at about CNY 2.0 trillion, up roughly CNY 330.5 billion vs. yesterday; market breadth roughly 2,600 advancers vs. 2,800 decliners.