China A-shares closed mixed. Shanghai Composite Index rose 0.10%, Shenzhen
Composite Index fell 0.25% and the ChiNext Index closed down 0.18% after trading
up more than 1% intraday. Electronic components stocks drove gains, with
Xunjiexing and Jinbaize both hitting the 20% daily limit and firms including
Chaosheng Electronics, Zhongjing Electronics and Aohong Electronics also
limit-up. Defense and marine-equipment names rallied in the afternoon; Hangfa
Technology hit limit-up and Jianglong Shipbuilding rallied over 9%. The CPO
sector recovered intraday—Taichengguang +8%+, Tianfu Communications +7%+.
Ice-and-snow (winter-sports) plays, retail, F5G, helium and lab-grown diamond
sectors strengthened. Lagging sectors included insurance, batteries, wind-power
equipment, CROs, innovative drugs and energy metals. Combined turnover on
Shanghai and Shenzhen reached 1.67 tln yuan, about 138.1 bln yuan higher than
the prior session. Around 2,800 stocks advanced and about 2,300 declined.