Most A-share robotics concept stocks pulled back; Tuosida, Suochen Technology and Sanrui Intelligent fell over 10%, while Jiangsu Leili, Keli Sensing, Wuzhou Xinchun and Lvde Xiebo also declined.

A-share minor metals sector weakened; Dongfang Tantalum, Xianglu Tungsten and Changyu Group hit daily down limits, while Western Materials, China Tungsten High-tech, Shenghe Resources, Zhangyuan Tungsten and Guiyan Platinum also declined.

Industrial Securities says as July ushers in the U.S.-China earnings season, relative sector momentum and relative earnings revisions remain the primary allocation signals. Sectors with strong consensus on AI compute and upstream materials — notably non-ferrous metals, chemicals and fiberglass tied to AI demand — could re-enter reallocation after earlier overseas-driven volatility as Chinese 1H earnings previews arrive. Several companies in memory/storage, fiber-optic cable, liquid cooling and specialty electronic gases have issued strong 1H previews, confirming high Q2 AI-chain momentum; further previews from leading firms could be stronger catalysts. For the North American compute chain (represented by optical comms and PCB), the prior compute rally narrowed into storage and has fallen more sharply recently under overseas pressure; the A-share valuation gap between North America-linked compute leaders and domestic compute leaders has retraced to June last-year levels, a configuration signal to watch. Ahead of the U.S. earnings wave in mid-late July, the market may seek domestic low-base, quality sectors for catch-up, notably the lithium battery supply chain, innovative drugs, brokerages, agrochemicals, refining & petrochemicals, and poultry (broilers).