After a low open, China's major indices recovered intraday but ended lower at midday. Shanghai Composite fell 0.27%; Shenzhen Composite Index down 0.78%; ChiNext Index down 0.95%. Electronic components led gains, with Xiehe Electronics, Junya Technology and Aohong Electronics hitting daily limits. Snow-economy names rallied—Jingxue Energy hit the limit, Snowman Group, Dalian Shengya and Bingshan Refrigeration also reached limit-up. Retail strengthened; Zhongxing Commercial and Dongbai Group hit

After a low open, China's major indices recovered intraday but ended lower at midday. Shanghai Composite fell 0.27%; Shenzhen Composite Index down 0.78%; ChiNext Index down 0.95%. Electronic components led gains, with Xiehe Electronics, Junya Technology and Aohong Electronics hitting daily limits. Snow-economy names rallied—Jingxue Energy hit the limit, Snowman Group, Dalian Shengya and Bingshan Refrigeration also reached limit-up. Retail strengthened; Zhongxing Commercial and Dongbai Group hit limits. Other notable advancers included helium, travel & hotels, building materials, non-bank financials, CPO and coal sectors. Lagging sectors included solid-state batteries, power equipment, PV equipment, innovative drugs and brain‑computer interface plays. Combined turnover on the Shanghai and Shenzhen markets was about 1.01 tln yuan at midday, down roughly 5.2 bln yuan versus the same period yesterday; roughly 1,800 stocks rose and 3,200 fell.