Midday Report: Chinext Index fell by 1.83% in the first half of the day, with commercial aerospace and computing hardware stocks leading the decline.

The three major A-share indexes fell collectively in the morning session, with the Shanghai Composite Index down 0.3%, the Shenzhen Component Index down 1.22%, the ChiNext Index down 1.83%, and the CSI 50 Index down 1.83% by midday. The total trading volume of the Shanghai, Shenzhen, and Hong Kong markets reached 186.54 billion yuan in the morning, with an increase of 58.9 billion yuan from the previous day. Over 3300 stocks in the market fell. In terms of sector themes, the chemical industry, culture and media, real estate, insurance, banking, airport and shipping, retail, and semiconductor sectors were among the top gainers. Commercial aerospace, CPO, controllable nuclear fusion, minor metals, batteries, and defense sectors were among the top decliners. On the market, several chemical stocks showed strength in the morning, with Hongqiang shares and Red Lion shares hitting the limit up. Research institutions pointed out that bulk chemicals are experiencing a double turning point in production capacity and inventory cycles. Some AI application concept stocks bucked the trend and performed strongly, with Guangzhou Media, Tiandi Online, and Zhejiang Wenhulian stocks hitting the limit up. China Securities said there are still many catalysts for future AI applications. The semiconductor sector also showed strong performance, with limits up for Microchip Semiconductor's 20cm. Micron Technology said that the shortage of memory chips has worsened in the past quarter. Furthermore, there were movements in the real estate, retail consumer goods, insurance, and other sectors. On the other hand, many stocks in the commercial aerospace sector fell, with Haige Communication and Shenzhen Jianfeng shares hitting the limit down for three consecutive days but still showing significant declines. Similarly, stocks in the computing hardware sector performed poorly, with Shenghong Technology and Cambridge Technology probing lower, as their previous earnings guidance was below market expectations.