China A-shares opened higher, slid and then recovered into the noon break. At
midday the Shanghai Composite rose 0.08%, the Shenzhen Composite fell 0.36% and
the ChiNext index fell 0.51%; the STAR 50 Index gained 1.96%. Combined turnover
on Shanghai-Shenzhen was 2.21 trillion yuan, up 146.6 billion yuan on the prior
session. Decliners outnumbered advancers by more than 3,500 stocks. The
memory-chip sector staged a V-shaped rebound: Gailun Electronics hit the daily
limit and names including Huada Jiutian, Shenghe Jingwei, Weice Technology,
Jiangbolong and Huahong Hongli rallied over 10%. Innovative-drug names
outperformed, with Ganli Pharma, Huahai Pharma and Luoxin Pharma at limits and
Shouyao Holdings, Sanyuan Gene, Chengda Pharma and Hotgen Bio up more than 10%.
Cultured-diamond stocks were active (Huanghe Whirlwind at limit; Guoli
Electronics, Huifeng Diamond +10%+). Titanium dioxide, pork, dairy and
fertiliser sectors were among the gainers. Weakness concentrated in rare-earth
permanent magnets (Hengdian Dongci, Lingyi Zhizao, Yingst down), glass-substrate
plays (Hongxing Development, Laibao Hi‑Tech, Woge Optoelectronics, Rainbow) and
in fiber, PCB and commercial-space concepts.
