A-shares closing: The Shanghai Composite Index rose 0.16%, setting a new high for the year, with the rare earth permanent magnet sector surging in the afternoon

The market fluctuated throughout the day, with the three major indices showing mixed results, and the Shanghai Composite Index reached a new high for the year. The rare earth permanent magnet sector surged in the afternoon, with ZHmag, ACETRON, and Yunsheng hitting the daily limit. The semiconductor industry chain collectively strengthened, with Dongxin Co., Ltd., Fuman Micro, and Yingfang Micro also reaching the daily limit. The medical device sector saw a midday rally, with Sino Medical, Zhonghong Medical, and Dabo Medical hitting the daily limit. On the downside, innovative drug concept stocks faced adjustments, with Qianhong Pharmaceutical hitting the daily limit down. More stocks fell than rose, with over 3,000 stocks in the Shanghai, Shenzhen, and Beijing markets showing declines, and today's trading volume exceeded 1.85 trillion. By the close, the Shanghai Composite Index rose by 0.16%, the Shenzhen Component Index fell by 0.18%, and the ChiNext Index fell by 0.68%