Midday report: The ChiNext Index fell 3.72% in the first half of the day, with the communications and non-ferrous metal sectors leading the decline.

The three major indexes of A-shares collectively fell in the morning session. As of midday, the Shanghai Composite Index fell by 2.14%, the Shenzhen Component Index fell by 3.04%, and the ChiNext Index fell by 3.72%. The Bei50 Index rose by 0.68%, while the Sci-Tech 50 Index fell by 2.6%. The total trading volume of the entire market was 2.418 trillion yuan, an increase of 3 billion yuan from the previous day, with over 4,500 stocks in the entire market declining. In terms of sector themes, pork, education, lithography machines, and optoelectronic sectors saw the highest gains, while energy metals, communication equipment, batteries, precious metals, copper cables high-speed connections, chemical pharmaceuticals, and CPO concept stocks saw the largest declines. On the market, the CPO and optical communication sectors collectively declined in the morning session, with stocks such as Fiberhome Communications, TF Info, and Yongding Group hitting the limit down, and Xinyisheng falling by over 9% and Zhongji Xuchuang falling by over 6%. The precious metals sector continued to weaken along with the international gold price, with stocks like Xingye Bank and Tin, Xiao Cheng Technology, and Zhaojin Gold leading the decline in the sector. The battery industry chain also performed poorly, with stocks like Saintyco, Anfu Technology, and Vic Tech hitting the limit down, while Hike New Energy, TechNano, and Wulian Lithium Core saw the largest declines. In addition, sectors such as rare earth permanent magnets, high-speed copper cables, and chemical pharmaceuticals also declined. On the other hand, there were reports that the deadline for new capacity reduction targets for pig breeding companies was advanced, leading to a rise in the breeding sector during trading hours, with Shennong Agriculture Group hitting the limit up, while Muyuan Shares, Wenshi Shares, and Juxing Farming and Animal husbandry saw the biggest gains. Stocks related to lithography machines showed positive performance, with Blue Yingtory, Micron Technology, and Haili Corporation leading the sector.