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Morning market trends revealed significant divergence, with the Shanghai Composite Index slipping below the 3,500-point mark and suffering a loss exceeding 1%. In contrast, the ChiNext Index exhibited robust resilience. Against the broader market trend, computing power hardware stocks surged, emerging as a standout performer. The CPO sector spearheaded gains, with several related stocks hitting their daily upper limits or surging by over 10%. Conversely, the gold and photovoltaic sectors exhibited weakness, with stocks generally trending downwards. Across the market, over 4,700 stocks registered declines, and morning turnover reached RMB 1.1 trillion. At the midday close, the Shanghai Composite Index had fallen by 0.93%, the Shenzhen Component Index by 0.26%, while the ChiNext Index posted a gain of 0.64%.
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