At the lunch break, the three major A-share indices collectively retreated. The Shanghai Composite Index dipped 0.79%, while the Shenzhen Component Index declined by 2.21%. The ChiNext Index witnessed the steepest fall, dropping 2.9%. Among sectors, communications equipment, internet, and electronic components underperformed significantly, topping the list of decliners. Notably, Cambridge Technology hit its daily price limit, Longyang Electronics plunged over 11%, and Aofei Data also slipped by more than 7%. Conversely, the banking, oil and gas, and power sectors emerged as strong performers. Tongyi Co., Ltd. and Shanghai Electric both reached their daily price limits, and Shanghai Rural Commercial Bank rose by over 3%.
