Midday Update: The Sci-Tech Innovation 50 Index dropped by 5.38% in the morning, with defense industry and computing power hardware stocks experiencing significant adjustments.

The three major indexes fell collectively in the morning session. As of noon, the Shanghai Composite Index was down 1.97%, the Shenzhen Component Index fell 2.37%, and the ChiNext Index dropped 3.2%. The Bei50 Index rose 0.58%. The total trading volume of the Shanghai, Shenzhen, and Beijing markets in the morning was 1,618.7 billion yuan, an increase of 146.5 billion yuan from the previous day. More than 2,600 stocks in the market declined. In terms of sectors, the retail, tourism, hotel, and photovoltaic energy storage sectors led the gains, while the CPO, semiconductor, precious metals, military equipment, and non-ferrous metals sectors had the biggest losses. On the market, CPO and semiconductor hardware stocks fell collectively, with companies like Phytium, ZTE Microelectronics, New Easy Sheng, Fiberhome Communications, and Terratech all falling by more than 10% during the day. The military equipment sector saw significant adjustments, with companies like China Aerospace Science and Industry Corporation, China Construction Industrial Group, and Inner Mongolia First Machinery Group hitting the limit down. The non-ferrous metals sector also performed poorly, with companies like Silver Nonferrous and Luoyang Molybdenum hitting the limit down. The consumer sectors such as retail, tourism, and food showed strength against the market trend, with companies like LN Holdings, Bubugao, China Fang, and Anji Food hitting the limit up during the day. The battery and energy storage sectors were active, with companies like Skyworth Group, Zhengye Technology, and Tongrun Equipment hitting the limit up. The paper sector also performed well, with companies like Jingxing Paper Industry hitting the limit up.