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.
