Closing Review: The ChiNext Index fluctuated in a V-shape and closed up nearly 1%, with the Yajiang Hydropower Station concept exploding throughout the day.

The three major indexes collectively closed higher, with the Bei50 Index rising by more than 2%. In terms of sectors, the hydropower concept soared throughout the day, Kang Tech and Wuxin Tunnel both hit their 30% daily limit; the construction machinery sector followed suit, with Hengli Drilling hitting its 30% limit, and China Railway Construction Corporation and Weimann Sealing both rising by 20%; the power sector strengthened as a whole, led by the ultra-high voltage sector, with China Western Power and Xujie Electric both hitting their daily limit in the afternoon; stablecoin concept fluctuated lower, with Sifang Jichuang leading the decline; bank stocks weakened, led by Xiamen Bank; the photolithography sector adjusted, with Tongfei Co., Ltd. and China Digital leading the decline. Overall, individual stocks showed a general upward trend, with over 4,000 stocks rising. As of the close, the Shanghai Composite Index was at 3559.79 points, up 0.72%; the Shenzhen Component Index was at 11007.49 points, up 0.86%; and the ChiNext Index was at 2296.88 points, up 0.87%. On the market, the hydropower concept, construction machinery, and civil explosive concept sectors led the gains, while cross-border payments, banks, and education sectors led the declines.