Midday Report: The Shanghai Composite Index rose 0.36% and once again surpassed 3500 points. The four major banks, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank, reached new highs.

In early trading, the three major indexes fluctuated, with the Shanghai Composite Index up 0.36%, the Shenzhen Component Index up 0.02%, the Growth Enterprise Index down 0.3%, and the CSI 50 Index down 1.03% by midday. The total turnover of the entire market in the morning was 934.4 billion yuan, a decrease of 34.7 billion yuan compared to the previous day. Over 3100 stocks fell in the entire market. In terms of sector themes, the silicon, diversified financial, rare earth permanent magnet, innovative medicine, coal mining, and banking sectors led the gains, while the PCB, military equipment, gaming, humanoid robot, and storage chip sectors led the declines. On the market, the silicon and photovoltaic sectors collectively strengthened, with stocks like Hongbo New Materials, Kingyen Technology, and Morninglight New Materials hitting the daily limit up. The rare earth permanent magnet sector rose in intraday trading, with Northern Rare Earths leading the gains. The banking sector continued to be strong, with the four major banks reaching new highs. Stocks related to innovative medicines were active, with Warner Pharma hitting a historical high and stocks like Celgene Medical and Haisi Technology hitting the daily limit up. Most PCB-related stocks corrected, with Chingjing Electronics approaching the daily limit down, and Zhejiang Clearing and Honghe Technology leading the declines. The military equipment sector fluctuated lower, with Northern Long Dragon, Great Wall Military Industry, and Jieqiang Equipment leading the declines.