Midday Report: The ChiNext Index dropped 1.46% in half a day, and the rare metal and computing power leasing sectors collectively surged.

In the morning session, the three major A-share indexes collectively fell. As of the midday break, the Shanghai Composite Index fell by 0.17%, the Shenzhen Component Index fell by 0.68%, the ChiNext Index fell by 1.46%, and the BeiZhi 50 Index fell by 0.74%. The total trading volume in Shanghai, Shenzhen, and Beijing reached 1.5966 trillion yuan in the morning session, a decrease of 53.2 billion yuan from the previous day. Over 2300 stocks in the market rose. In terms of sector themes, small metals, computing power leasing, cloud computing, coal mining and processing, cross-border payments, steel, photovoltaic equipment, AI applications, tourism and hotel sectors performed well. On the other hand, papermaking, PCB, CPO, storage chips, batteries, photolithography, and PET copper foil sectors declined. Due to the catalytic effect of rising prices, rare metal sectors such as tungsten and rare earths collectively surged. Sectors like Zhongtung High-Tech and Zhongyang Rare Color reached historical highs. The usage of China AI Token surpassed that of the United States for the first time, reflecting strong demand for cloud computing. As a result, the computing power leasing sector saw significant gains, with stocks like Yuntian Lifly and Chengde Xiangjiang hitting the limit up. Space photovoltaics also saw an upward trend, with Junda shares and Shuangliang Energy both hitting the limit up. Some sectors such as coal, cross-border payments, and electricity also experienced movements. On the other hand, Nvidia experienced its largest single-day decline since April 16th of last year. CPO, PCB, and other computing hardware stocks mostly retreated, with Xinyisheng, Zhongjixuchuang, and Shenghong Technology falling more than 5% intraday.