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During the morning session, the three major A-share indices advanced in unison, with the Shanghai Composite Index reaching 3849.76 points and the ChiNext Index surging 2.34%, marking a fresh intraday high since February 2022. Market turnover amounted to RMB 1.8752 trillion, with over 2000 stocks recording gains. The lithium battery, baijiu (Chinese liquor), insurance, and gold concept sectors exhibited robust performance. Notably, Contemporary Amperex Technology Co. Limited (CATL) surged over 11%, Shengtun Mining hit the daily trading limit, and gold stocks continued their upward trajectory. Conversely, the semiconductor and computing power sectors underwent corrections, with Cambrian Innovations declining 5.6%, and both Decent and Holitech Group dropping more than 9%.
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