Review: The Shanghai Composite Index rebounded by 0.64% in a volatile manner, with stocks related to power grid equipment and MicroLED concepts leading the gains.

The three major stock indexes in A-shares collectively rebounded today. As of the closing, the Shanghai Composite Index rose by 0.64%, the Shenzhen Component Index rose by 1.23%, the Growth Enterprise Index rose by 1.66%, and the BCI 50 Index rose by 1.12%. The total turnover of the Shanghai, Shenzhen, and Beijing markets was 2.4126 trillion yuan, an increase of 24.6 billion yuan from the previous day, with over 4000 individual stocks rising. In terms of sectors, the MicroLED concept, power grid equipment, education, quantum technology, controlled nuclear fusion, brain-machine interface, cultivated diamonds, semiconductor, and AI glasses sectors performed well. The agriculture and forestry, grain concept, precious metals, gas, phosphate chemicals, port shipping, and coal mining and processing sectors had the largest declines. On the market, optical optoelectronic and Micro LED concept stocks surged, with more than 20 stocks such as Lehman Optoelectronics and Reifeng Optoelectronics hitting the limit up. Institutions suggest that Micro LED CPO is expected to become a substitute for optical interconnection due to its energy-saving advantages. Benefitting from the AI trend, power grid equipment maintained its recent gains, with Han Cable and Tongguang Cable securing 2 consecutive daily limit ups. Influenced by important meetings, quantum technology, education, brain-machine interfaces, and other sectors all saw upward movements. On the other hand, Iran's military officials stated that the Hormuz Strait has not been blocked, causing most stocks in the oil and gas, grain, port shipping sectors to pull back, with Kangnong Seed Industry and Beacon Energy leading the declines.