During the morning trading session, the market witnessed notable volatility and adjustments. The Beijing Stock Exchange 50 Index plummeted by more than 4%, contrasting sharply with the performance of bank stocks, which defied the broader market trend and surged. Notably, several bank stocks, including Shanghai Pudong Development Bank, attained record highs. Military industry stocks and those related to data center power supply concepts performed robustly, whereas stocks associated with new consumption concepts experienced sharp declines. By the end of the session, the Shanghai Composite Index remained relatively flat, while the Shenzhen Component Index and the ChiNext Index registered modest declines. Among sectors, military electronics and banking sectors shone, leading the gains, whereas the glyphosate and pet economy sectors witnessed significant declines.
