A shares midday report | Multiple factors affecting the market! The three major indexes all fell by more than 1%, with over 4900 individual stocks declining.

On July 24, the three major A-share indexes collectively opened lower. By the midday close, the Shanghai Composite Index fell by 1.2%, the Shenzhen Component Index dropped by 1.77%, and the ChiNext Index declined by 1.78%. In terms of the market, the semiconductor equipment concept performed actively, with PNC Process Systems hitting the limit up, Tolerance Technology rising by over 12%, and Maxone Semiconductor, Hangzhou Changchuan Technology, and Suzhou Huaya Intelligence Technology following the upward trend. The power grid equipment sector continued to be active, with Changlan Technology Group rising for 4 consecutive sessions, Guangdong Shaoneng Group rising for 2 consecutive sessions, Ceepower Co., Ltd. rising by over 10%, and other related companies following suit. The defense sector continued to show strength against the trend, with several companies such as Anhui Greatwall Military Industry and Hubei Huaqiang High-Tech rising. In terms of market news, multiple factors may impact the market: Firstly, domestically: 1. On the evening of July 23, multiple significant repurchase announcements were disclosed, including two storage industry leaders with market caps of over one trillion. Shenzhen Longsys Electronics and Montage Technology's actions drew high market attention. 2. On the evening of July 23, Changxin Technology announced that it will debut on the Science and Technology Innovation Board on the 27th. Secondly, internationally: 1. On Thursday, July 23, the market value of the "Magnificent 7" tech giants in the US collectively evaporated by $797 billion in a single day, with the Mag 7 index falling by 4.8%, marking the largest single-day decline since the "tariff storm" in April 2025. 2. After the US stock market closed on Thursday, July 23, Intel announced that its second-quarter revenue for 2026 was nearly 12% higher than analysts' expectations, with a quarter-on-quarter revenue growth accelerating to 25%, the strongest quarterly revenue growth in nearly fifteen years. The stock price surged by over 13% after hours. 3. In early trading today, the stock markets in Japan and South Korea opened sharply lower. SK Hynix and Samsung Electronics stocks plummeted. Looking ahead, EB SECURITIES believes that the rebound realization of the high-tech sector in the A-share market continues to emerge, highlighting a more significant stock game...