Chinese A-share market staged a sharp morning rally—Sci-Tech Innovation 50 rose
nearly 5% intraday—but indices pulled back into the close. Shanghai Composite
-0.67%; Shenzhen Composite (Shenzhen Composite Index) -1.68%; ChiNext -2.44%;
STAR 50 +0.73% at close. Combined Shanghai/Shenzhen turnover exceeded 1.93 tln
yuan and more than 4,600 stocks fell. Sector winners were compute-power chips,
CPU-concept names, dairy and semiconductors; laggards included physical-AI,
precious metals, cinema chains, gaming and liquor. Key movers: Tianpu hit the
daily limit; Muxi, Moore Threads and Cambricon rose over 8%; CHINA'S CPU MAKER
HAIGUANG, Rendong Holdings and East China Heavy Machinery also rallied. Suiyuan
Technology jumped about 13% to a new high as the semiconductor sub-sector
broadly advanced.
