The three major A-share indices closed mixed on Wednesday, with the Shanghai Composite Index up 0.32% while the Shenzhen Component Index and the ChiNext Index each slipped 0.27%. The physical AI and ice-snow tourism sectors led the advance, as SW New Materials, Iceberg Cold Chain, and Jingxue Energy Conservation all hit the daily limit up, and Unitree Robotics surged over 9%. Coal and gas stocks strengthened across the board, with Zhengzhou Coal Power, Antai Group, and Dongfang Huanyu all closing limit-up. On the downside, lithium mining and photovoltaic concepts led the decliners, as *ST Weiling hit the daily limit down, Sungrow tumbled over 5%, and Rongjie Co. dropped more than 4%.
