The market demonstrated a clear trajectory of bottoming out and subsequently rebounding throughout the trading day. The Shanghai Composite Index registered a 1.65% increase, while the Shenzhen Component Index climbed 3.07%. The ChiNext Index also witnessed a significant rise of 4.49%, and notably, the STAR 50 Index surged by an impressive margin of over 8%. Despite this positive momentum, over 2,900 stocks experienced a decline across the Shanghai, Shenzhen, and Beijing markets, with the total trading volume for the day reaching RMB 2.93 trillion.
In terms of sector performance, semiconductor chips and computing hardware emerged as the frontrunners, leading the market gains. Conversely, the lithium mining and tourism sectors faced downward pressure. Particularly noteworthy was the robust performance of semiconductor chip stocks, with numerous companies hitting their daily limit or surging by over 10% to achieve new all-time highs. Several computing hardware stocks also mirrored this trend, reaching their daily limit. In contrast, lithium mining stocks continued their downward adjustment, with Rongjie shares hitting the daily limit for two consecutive days, reflecting ongoing market volatility in this sector.