Mid-day update: Shanghai Composite Index opened low and continued to fall, down by 1.88%. Over 4900 individual stocks across the whole market also experienced declines.

The three major indexes collectively adjusted, as of midday, the Shanghai Composite Index fell by 1.88%, the Shenzhen Component Index fell by 2.72%, the ChiNext Index fell by 3.18%, and the BeiZhen 50 Index fell by 2.78%. The total transaction volume of Shanghai, Shenzhen, and Beijing reached 1.3174 trillion yuan in the first half of the day, an increase of 200.4 billion yuan from the previous day. More than 4900 stocks in the entire market fell. In terms of sectors, the Zhongshun Group was active, and the battery, energy metal, and silicon energy sectors adjusted. On the market, the Zhongshun Group sector was active, with Jiu Zhiyang up by the daily limit, and Zhongshun Defense up by over 6%. The battery sector weakened across the board, with Tianhua New Energy, Xingyuan Materials, and Honggong Technology falling by more than 10%, and De Xin Technology hitting the limit down. Energy metal stocks saw a significant adjustment, with several stocks such as Ganfeng Lithium and Tianqi Lithium hitting the limit down. The silicon energy sector adjusted, with Dawei Shares and Morning Light New Materials hitting the limit down.