A-share midday review: the three major indexes fell by more than 1% in the first half of the day, and nearly 5,000 stocks in the entire market fell.
The three major A-share indices all fell in early trading. By midday, the Shanghai Composite Index fell 1.23%, the Shenzhen Component Index fell 1.84%, the ChiNext Index fell 1.75%, and the Beijing Stock Exchange 50 Index fell 3.05%. Half-day trading volume in the Shanghai, Shenzhen, and Beijing stock markets totaled 1.7135 trillion yuan, a 357.9 billion yuan increase from the previous day. Nearly 5,000 stocks across the board fell. Among sectors, banks, ports and shipping, and insurance led the gains, while travel and hotel, Huawei-related stocks, real estate, CROs, and internet finance led the declines. The travel and hotel sector plummeted, with Yunnan Tourism hitting its lower limit, while Huatian Hotels, Tibet Tourism, and Caesars Entertainment all saw sharp declines. The cinema sector weakened during the session, with Jinyi Film hitting its lower limit for the third consecutive day, followed by China Film and Huayi Brothers. CRO stocks also underperformed, with Medigen, Zhaoyan Pharmaceutical, and Dezhan Health leading the declines. Meanwhile, the banking sector bucked the trend, with Nanjing Bank surging over 5% during the session, while Agricultural Bank of China, China Construction Bank, and Xiamen Bank all saw gains. The port and shipping sectors performed strongly, with Nanjing Port and Ningbo Shipping hitting their daily limit. Humanoid robot stocks saw some strength, with Broad-Ocean Electric hitting its second consecutive limit-up day, while Hengshuai Shares, Hongchang Technology, and Heretech reached new intraday highs. Furthermore, the semiconductor, solid-state battery, and consumer electronics sectors saw unusual gains.