Midday Review: ChiNext Index hits bottom and rebounds, rising 0.18% in half a day. Liquor sector rises against the trend.

In early trading, the market hit bottom and rebounded, with the three major indexes showing mixed movements. In terms of sectors, the liquor sector surged against the trend during the day, with stocks such as Huan Tai Liquor, Jin Hui Liquor, and Jiugui Liquor rising; the banking sector saw a short-term rally, with stocks such as Xiamen Bank and Chongqing Bank rising; the storage chip concept was active, with Biwin Storage rising more than 8% to a new high. On the downside, the precious metals sector experienced volatile adjustment, led by Shangjin International; the rare earth permanent magnet sector declined, with Yingweiteng falling limit down; the power grid equipment sector continued its adjustment, led by Wang Electric. Overall, more stocks fell than rose, with over 3400 stocks falling. As of the close, the Shanghai Composite Index was at 4066.40 points, down 0.71%; the Shenzhen Component Index was at 14181.29 points, down 0.70%; and the ChiNext Index was at 3316.25 points, up 0.18%. In terms of the market, genetically modified, liquor, and horse racing concepts led the gains, while precious metals, steel, and metal lead sectors led the losses.