A-shares midday market update: The ChiNext Index fell sharply on a big volume drop, down 1.78%; more than 4,900 stocks across the whole market declined

ME AI Market news: As of the midday close, the SSE Composite Index fell 1.2%, the Shenzhen Component Index fell 1.77%, the ChiNext Index fell 1.78%, and the BEI 50 fell 3.0%. The total trading value across the three markets was 1.23T yuan, down 231.2B yuan from the previous day. More than 4,900 stocks across the market declined.

In terms of sectors and themes, the military equipment sector led the gainers; the precious metals, cloud computing rental, and AI application sectors led the decliners. On the board, the military equipment sector showed strong performance: Great Wall Military Industry achieved a second consecutive limit-up, Construction Industry hit the daily limit, Chaozhuo Aerospace rose more than 15%, and Jianglong Shipbuilding, Tianqin Equipment, Beifang Long, and Shengnan Technology rose more than 10%. Inner Mongolia First Machinery, Chenxi Aviation, Xinyu Guoke, Tianhai Defense, and Guoke Military also followed higher.

The precious metals sector opened sharply lower: Zhaojin Gold, Sichuan Gold, and Hunan Silver fell more than 7%, while Xingye Silver & Tin and Xiaocheng Technology also trended down. The cloud computing rental theme continued to weaken: Litong Electronics and ZhenTong Electronics hit the daily limit down; XinTong Electronics, Qunxing Toys, Hangyun Technology, Yitian Intelligent, and SInxinvo also fell in line. The AI application sector opened lower and kept sliding: LianDi Information and Miao Exhibition fell more than 10%, while Lixia Holdings, Daily Interaction, and SInxinvo also moved down. (Source: Eastmoney)