Midday review: Shanghai Composite Index rises more than 1% in half a day, rare earth permanent magnets and large financial sectors all surge.

The three major indexes rose collectively in the morning session, with the Shanghai Composite Index up 1.05%, the Shenzhen Component Index up 0.94%, the ChiNext Index up 1.19%, and the CSI 50 Index up 0.84% by the midday break. The total turnover of the market in the morning session was 1.03 trillion yuan, an increase of 96.6 billion yuan from the previous day. Over 2800 stocks in the market saw gains. In terms of sector performance, rare earth permanent magnets, non-ferrous metals, major financials, and CRO concept stocks led the gains, while PCB, copper cables, high-speed connections, gaming, and photovoltaic equipment sectors posted declines. In the market, the rare earth permanent magnet sector saw significant gains, with stocks like Baogang New Material and Northern Rare Earth up by the daily limit. Large financials like securities, insurance, futures, and banking sectors were strong during trading, with stocks like China Banking Securities, Nanhu Futures, and Ruida Futures hitting their daily limits. CRO stocks were strong in the morning, with stocks like Pharmaron and I-Mab hitting their daily limits. The non-ferrous metals sector was active, with stocks like Chinalco, Jinling Mining, and Huahong Technology hitting their daily limits. On the other hand, PCB concept stocks underperformed, with stocks like Kingboard Laminates hitting the daily limit downside, and International Fiber Composite, Shineon Technology, and Avic Optoelectronics leading the declines. Similarly, the copper cable high-speed connection concept stocks also performed poorly, with stocks like Chuangyitong, Norsom Nuclear Materials, and Mingpu Optoelectronics all falling.