Midday Review: The Science and Technology Innovation 50 Index rose by 2% to a new high, with the semiconductor industry chain continuing its strong performance.

The three major indexes of A-shares fluctuated in the morning session. As of midday, the Shanghai Composite Index fell by 0.45%, the Shenzhen Component Index fell by 0.37%, the ChiNext Index rose by 0.05%, the BeiGene 50 Index fell by 1.16%, and the Science and Technology Innovation 50 Index rose by 2.04%. The total turnover in the market was 1.9226 trillion yuan, an increase of 95.1 billion yuan from the previous day, with over 4,100 stocks declining in the overall market. In terms of sector themes, lithography machines, storage chips, semiconductors, liquor, and fluorine chemical concept stocks performed well. The sectors with the largest declines were electricity, precious metals, cultural media, education, and cloud computing. On the market front, the leading domestic storage chip company Changjiang Storage launched an IPO advisory to boost the semiconductor industry chain sentiment. Huahong Company hit a historic high in intraday trading, SMIC saw a significant 10% increase, and shares of companies like Jinfang Technology and Shanghai Hujiang were trading limit up. As tensions between the US and Iran continue to escalate, most oil and gas stocks rebounded, with *ST Zhoucheng hitting the daily limit-up. China National Offshore Oil and China Petroleum rocked higher. In addition, liquor, lithography machines, and fiber optic concept stocks rotated higher during intraday trading. On the other hand, the electricity sector experienced a significant correction after a continuous uptrend, with many stocks like Jinyou Energy, Datang Power, and Jinkong Electric hitting limit down. The cloud computing sector also experienced a correction, with the three major telecom operators seeing declines: China Telecom fell by over 6%, China Unicom fell by over 3%, and China Mobile fell by over 1%.