Midday Review: Shanghai Composite Index Falls Over 1% and Loses 4000 Points; Two Markets' Half-Day Turnover Shrinks by Over 570 Billion Yuan

Mars Finance News: In early trading, the market was volatile and adjusted, and the Shanghai Composite Index fell below the 4,000-point level. The separation between the yellow and white lines was clearly evident. Small- and mid-cap stocks generally declined, and the micro-cap stock index dropped by more than 3%. In the first half of the session, the combined trading value of the Shanghai and Shenzhen markets was 1.63 trillion yuan, down 575.7 billion yuan from the previous trading day.

On the trading board, sector momentum was relatively mixed, with more than 4,700 stocks declining across the market. By sector, the semiconductor industry chain strengthened against the broader trend. Within it, the semiconductor silicon wafer concept remained active, with Yanyan Silicon hitting the 20cm limit-up. The computing power chip concept saw a volatile rebound, with Muxi shares rising more than 15%, and Wantong Development delivering a second consecutive limit-up. The advanced packaging concept fluctuated and rebounded, with Dagang shares and Huatian Technology both hitting the daily limit-up.

On the downside, the innovative drug concept fluctuated lower, with Hainan Haiyao hitting a one-character limit-down. The non-ferrous metals sector weakened, with Huaxi Nonferrous hitting the daily limit-down, and several other stocks including Xiaocheng Technology and Hunan Silver falling sharply.

By the close, the Shanghai Composite Index was down 1.04%, the Shenzhen Component Index fell 1.02%, and the ChiNext Index dropped 0.78%. (Cailianshe)