Afternoon Update: The ChiNext Index fell nearly 2% in the first half of the day, with more than 4,300 stocks declining in the entire market.

The three major stock indices in A-shares collectively fell in early trading. As of midday, the Shanghai Composite Index fell by 1.02%, the Shenzhen Component Index fell by 1.6%, the Growth Enterprise Index fell by 1.93%, and the BeiGene 50 fell by 1.88%. The total market turnover was 2.2866 trillion yuan, an increase of 300.1 billion yuan compared to the previous day, with more than 4300 stocks falling in the entire market. In terms of sector themes, the epoxy propane, pork, gas, port shipping, banking, third-generation semiconductor, and photovoltaic equipment sectors led the gains. The small metal, power grid equipment, cultural media, PET copper foil, battery, Huawei Ascend, and satellite navigation sectors saw the largest declines. On the market front, after experiencing a continuous rise in the previous period, the three major indices experienced a shake back. The battery and copper foil sectors saw the largest declines, with Fengyuan shares hitting the limit down and Tongguan copper foil falling by 10%. The metal sector also performed poorly, with Yongshang Lithium, Zhong Rare Color, and Xiaocheng Technology all falling. In addition, the cultural media, commercial aerospace, and PCB concept stocks mostly declined. On the other hand, the epoxy propane direction in the chemical industry sector rose against the trend, with Red Ballerina and Redwall shares hitting the limit up. Pork stocks also performed well, with Tianbang Food and Tengyu Biological both hitting the limit up.