A-Share Market Midday Update: Shanghai Composite Index Rises 0.4%, Chip Sector Soars
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Author:小编   

On the morning of September 30th, the three key stock indices in China's A-share market opened with modest gains and continued their upward trajectory. The ChiNext Index even spiked by over 1% during the trading session, though it later experienced a slight retreat. By the midday break, the Shanghai Composite Index had climbed 0.4%, the Shenzhen Component Index was up 0.31%, and the ChiNext Index had added 0.06%.

The chip industry chain emerged as a standout performer, with semiconductor, memory chip, and automotive chip concept stocks all showing strength. Jiangbo Long, for instance, surged to its daily limit, while Huahong Company witnessed a remarkable jump of over 15%. AI-related concept stocks also staged a comeback, with Kimi, Huawei Ascend, and AI Agents leading the charge. Pinming Technology, in particular, soared by over 16%.

The energy metals sector, encompassing lithium mines and minor metals, maintained its upward momentum. Boqian New Materials hit its daily limit for two consecutive days, and Huayou Cobalt rose by more than 7%. Additionally, sectors such as photolithography machines, solid-state batteries, aerospace, CRO (Contract Research Organization), and controllable nuclear fusion also displayed active trading during the morning session.

In contrast, sectors like banking, insurance, brokerage, and Baijiu (Chinese white liquor) underperformed in the morning. Across the broader market, approximately 3,000 stocks advanced while 2,200 declined. Net outflows of principal funds amounted to around 20 billion yuan. The combined half-day trading volume on the Shanghai and Shenzhen stock exchanges reached 1.36 trillion yuan, marking an increase of approximately 76.3 billion yuan compared to the same period the previous day.