Midday report: The Growth Enterprise Market Index fell by 1.74% in the first half of the day, with the semiconductor and optical module industries in the AI supply chain also seeing declines.

The three major stock indices had mixed performance in the morning session. As of midday, the Shanghai Composite Index was flat, the Shenzhen Component Index fell by 0.92%, the ChiNext Index fell by 1.74%, and the SSE 50 Index fell by 1.19%. The total turnover in Shanghai, Shenzhen, and Beijing was 1.6297 trillion yuan in the morning session, an increase of 12.7 billion yuan from the previous day. More than 2900 stocks in the entire market fell. In terms of sector themes, coal mining and processing, airport transportation, photovoltaic equipment, real estate, natural gas, port transportation, building materials, banks, hydrogen energy, and retail sectors led the gains, while precious metals, AI applications, computing power leasing, semiconductors, and CPO concept stocks led the declines. As for market trends, the increase in demand for winter heating boosted coal stocks, with Yanzhou Coal Mining and Shaanxi Black Cat Energy both reaching the daily limit-up. The space photovoltaic sector was active, with Shuangliang Energy Efficiency and National Technology both receiving their second consecutive daily limit-up. The real estate industry chain performed positively, with Caixin Development and Rongan Real Estate both reaching the daily limit-up. Additionally, sectors such as natural gas, hydrogen energy, and retail showed unusual activity. On the other hand, the AI industry chain weakened, with hardware and application directions declining together. Intellifusion and New Easy Prosperity both fell by more than 10% at one point. Gold stocks did not follow the rebound in international gold prices, with Sichuan Gold approaching the daily limit-down during the trading session.