After a weak open, major Chinese indexes slid further; the Shanghai Composite breached 3,700 intraday and closed the morning session down 1.98%. The Shenzhen Composite Index fell 2.78% and the ChiNext index dropped 3.42%. Media names staged a recovery, with Neimeng Xinhua and Duzhe Media hitting daily limit-ups. Baijiu stocks spiked then pulled back; Huangtai Distillery recorded two daily limit-ups in three sessions. Brokers were volatile—Hualin Securities surged over 7% intraday. Component supp

After a weak open, major Chinese indexes slid further; the Shanghai Composite breached 3,700 intraday and closed the morning session down 1.98%. The Shenzhen Composite Index fell 2.78% and the ChiNext index dropped 3.42%. Media names staged a recovery, with Neimeng Xinhua and Duzhe Media hitting daily limit-ups. Baijiu stocks spiked then pulled back; Huangtai Distillery recorded two daily limit-ups in three sessions. Brokers were volatile—Hualin Securities surged over 7% intraday. Component suppliers, innovative drugs, CROs and traditional Chinese medicine sectors were active. Shipping and ports led declines, with COSCO Shipping Energy and China Merchants Nanyou among several stocks hitting limit-downs. Other notable laggards included crude palm oil, semiconductors, coal, grains, aerospace equipment and oil & petrochemicals. Combined turnover on the Shanghai and Shenzhen markets through midday was about 981.8 bln yuan, roughly 129.0 bln yuan higher than the same period yesterday; roughly 400 stocks advanced and about 4,700 declined.